Australia's central bank hikes interest rates
Edited By WION Video Desk
Published: May 03, 2022, 22:56 IST | Updated: May 03, 2022, 22:56 IST
Australia's central bank on Tuesday raised its cash rate by a surprisingly large 25 basis points to 0.35%, the first hike in over a decade, and flagged more to come as it pulls down the curtain on massive pandemic stimulus.
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