Tag: 3.85%
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Australian central bank hikes interest rate to 3.85% – Winnipeg Free Press
[ad_1] CANBERRA, Australia (AP) — Australia’s central bank on Tuesday surprised markets by increasing its benchmark interest rate by a quarter percentage point to 3.85% despite pausing its climb last month and new evidence that inflation is slowing. The Reserve Bank of Australia’s meeting on April 4 was the first in a year to leave…