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Australia hikes interest rates; PM ready for criticism ahead of polls
Australia 's central bank hiked interest rates 0.25 points to a decade-high 6.5 percent Wednesday in an unprecedented pre-election move that the government admitted creates a political headache. |
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Australia central bank raises rate 0.25 point to 6.5%
HONG KONG (MarketWatch) -- The Reserve Bank of Australia on Wednesday raised a key interest rate by 0.25 percentage points to 6.5%, its highest level since November 1996, saying the increase was needed to contain inflation. |
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Australia 's central bank hikes interest rates
Australia 's central bank hiked interest rates by 0.25 percentage points Wednesday to 6.5 percent to counter rising inflation. |
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Australia Increases Key Rate to 11-Year High of 6.5% (Update6)
Aug. 8 (Bloomberg) -- Australia 's central bank raised its benchmark interest rate a quarter point to the highest in almost 11 years. The increase may undermine Prime Minister John Howard's campaign to win a fifth term in office this year. |
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