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RBA Increases Official Cash Rate
At its meeting on 6 November, the Reserve Bank Board decided to increase the cash rate target by 25 basis points, to 6.75 per cent.
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Statement by Glenn Stevens, Governor Monetary Policy RBA
Inflation in Australia has increased. Underlying inflation was 0.9 per cent in the September quarter and close to 3 per cent over the past year. The annual pace of CPI inflation was lower, but this reflected two very low quarterly results nearly a year ago, as well as recent changes to the treatment of child care costs.
For more details behind the decision click on the read more
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