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Australia hikes interest rates to 18-year high

By Abigail Townsend

Date: Tuesday 03 Nov 2026

(Sharecast News) - Australia's central bank hiked interest rates to their highest level since 2008 on Tuesday, its fifth rise this year, as it looked to tackle mounting inflation.
The Reserve Bank of Australia voted by a majority of six to three to increase the cash rate target by 25 basis...

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