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Feb 3 • 05:41 UTC • 🇦🇺 Australia • Guardian Australia

Afternoon Update: RBA hikes cash rate; Ley’s Coalition peace proposal; and Mark of Cain singer comes out as trans

The Reserve Bank of Australia raises the cash rate to 3.85% for the first time in over two years, amid rising inflation, impacting home loan repayments while political tensions rise in question time.

#rba #interest rates #inflation #australia #politics

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