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Australia's central bank lifts cash rate to 15-year high

Original: Australia's central bank raises cash rate to 15-year peak

The Reserve Bank of Australia has raised the cash rate to its highest level in 15 years, continuing its campaign to bring down inflation. The move adds pressure on Australian mortgage holders and borrowers, and the decision is drawing attention as other major central banks weigh their next steps on interest rates.

Why now: Rate rises affect mortgages, loans and savings, making them a major public concern

Reserve Bank of AustraliaAustralia

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Evidence

• Australia's central bank raises cash rate to 15-year peak · Reuters
• Australia's central bank raises cash rate to 15-year peak · Tacoma News Tribune

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