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Economy · Sydney, Australia ·

Australia's central bank expected to raise rates Tuesday

Reported by 1 outlet · under-reported · first reported Nov 2, 8:52 PM ET

The Reserve Bank is expected to lift rates to an 18-year high. It would be the fifth hike this year.

Why it matters

Borrowers face higher loan costs.

Background

Inflation has pushed rates up.

The story so far

  1. Australia inflation rises to 4.3%
  2. Australia's central bank expected to raise rates Tuesday
  3. Reserve Bank of Australia raises rates to 4.85%
  4. Australia's central bank raises rate to 4.85%

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Sources

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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