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Reserve Bank of Australia Governor: 'High inflation makes life difficult for people and damages the functioning of the economy'

By Fiat Reporter Report
May 12, 2023

The Reserve Bank of Australia (RBA) has announced a 25 basis points increase in the cash rate target to 3.85%, citing high inflation as a key concern.

Reserve Bank of Australia Governor: 'High inflation makes life difficult for people and damages the functioning of the economy'

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