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Feb 3 • 06:24 UTC • 🇦🇺 Australia • ABC News AU

Breaking: Big banks respond to RBA's interest rate hike

Australia's major banks, including Commonwealth Bank, are raising interest rates following the Reserve Bank of Australia's increase in the cash rate to 3.85 percent, marking the first hike in four years.

#australia #interest rates #reserve bank of australia #commonwealth bank #economy
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