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News 2026-09-29 04:38 UTC

Australia's central bank raises cash rate to 15-year peak

Australia's central bank raised its cash rate to a 15-year high of 4.60% on Tuesday in its fourth hike of the year, saying inflation was too high and it was prepared to hike further if needed.Wrapping up its September policy meeting, the Reserve Bank of Australia board voted unanimously to lift rat…