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US · 2 hrs ago
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Australia central bank raises rates to highest since 2024 as inflation stays elevated
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Australia's central bank raised interest rates to their highest level in 2024 in response to elevated inflation in the second half of 2025, driven partly by Middle East conflict-related increases in fuel and commodity prices.
Australia central bank raises rates to highest since 2024 as inflation stays elevated
Inflation had picked up materially in the second half of 2025, and the conflict in the Middle East had resulted in sharply higher fuel and commodity prices.
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