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Australia's central bank raises interest rate for 9 times in a row to 3.35%

Canberra news: The Reserve Bank of Australia (central bank) announced on the 7th that it will raise the benchmark interest rate by 25 basis points to 3.35%. The bank predicts that due to the global situation and the slowdown in Australia's domestic demand growth, the level of inflation in Australia will decline in 2023, and the CPI growth rate will fall to 4.75% this year. ....

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