The Reserve Bank of Australia raised its key interest rate by a quarter basis point for the third straight meeting as inflation is expected to remain above the target as the war in the Middle East pushed up fuel prices.
The RBA policy board, led by Governor Michele Bullock, decided to lift the cash rate target by 25 basis points to 4.35 percent in a split vote on Tuesday, in line with economists' expectations.
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by Renju Jaya
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