RBA hikes cash rate to 4.35 per cent as global oil crisis drives inflation
The cash rate has just been raised 25 points to 4.35 per cent by the Reserve Bank of Australia (RBA) on fears that the continuing oil crisis could lead to runaway inflation far beyond the bank’s target band of 2-3 per cent. The announcement was made on Tuesday (May 5), just days after the Australian…Read More→
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