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RBA lifts official cash rate to 0.35% in first rise since 2010
Source: Getty Images / Govindarajan Appu
The Reserve Bank of Australia has lifted the official cash rate for the first time in more than 11 years. An increase was widely expected after consumer price inflation spiked in the March quarter, with both headline and underlying inflation climbing to their highest levels in more than two decades. Appu Govindarajan, a columnist on economics, a certified public accountant and associated chartered accountant in Perth, explains more
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