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Australian central bank hikes interest rate for first time in over decade
Updated : 4 years ago IST
Sydney [Australia], May 3 (ANI/Xinhua): After dropping interest rates down to historic low levels during the pandemic, the Reserve Bank of Australia (RBA) has hiked interest rates by 0.25 to 0.35 per cent, the first rise since 2010, in an effort to calm growing inflation.
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