The Reserve Bank of Australia raised the cash rate by 25 basis points to 4.35%, marking the first rate increase since June and reaching its highest level since November 2011, in line with the market consensus Reserve Bank of Australia: Council determined to bring inflation to target, Wage growth has accelerated over the past year but remains in line with the inflation target, provided productivity growth accelerates. To date, medium-term inflation expectations remain in line with the inflation t
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