Cash Rate Hike: Australia's Board Raises Target by 25 Points Amid Inflation Woes
Even though the Reserve Bank appears hesitant to raise rates further, another increase in the official cash rate has caused more financial suffering for borrowers.
The official cash rate increased to 4.35 percent in November, as expected.
A 25 basis point increase was anticipated by most analysts, and all four of the major banks were leaning towards a day…
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