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Australia Pushes Rates to 15-Year High and Warns It May Go Further

The Reserve Bank of Australia (RBA) raised its cash rate by 25 basis points to 4.6%. The move pushes borrowing costs to their highest level since 2011. The nine-member board backed the decision unanimously, delivering its fourth increase of 2026. Policymakers also kept further tightening on the table if inflation fails to cool. Fuel Costs…
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