Sun. Nov 24th, 2024

Australia's Central Bank Raises Key Rate by 50 Basis Points to 2.35%

Australia's Central Bank Raises Key Rate by 50 Basis Points to 2.35%

The Reserve Bank of Australia has raised its key interest rate to 2.35% from 1.85%. The decision was predicted by 27 of 30 economists. Yousef Gamal El-Din and Juliette Saly report on Bloomberg Television.

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