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Flat White

Taming the inflation monster

13 June 2023

4:00 AM

13 June 2023

4:00 AM

The Reserve Bank of Australia (‘RBA’) has raised the cash rate – the rate that banks pay to borrow funds from other banks in the money market – to 4.1 per cent. It is the 12th rate hike since May 2022 and the highest it has been for eleven years.

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