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الاقتصادية
Source: الاقتصادية
12 Hrsالاقتصادية
Source: الاقتصادية
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The Reserve Bank of Australia raised its interest rate by a quarter of a percentage point to 4.85%, its highest level in 18 years and the fifth increase this year. The decision was supported by six members, with three opposed. The tightening is intended to curb inflation, which remains well above the target range of 2% to 3%, amid rising energy prices, weak productivity and concerns that inflation expectations may become entrenched. Home values in major cities also fell by 1.4% in October, but the bank said it would continue to do what is necessary to return inflation to its target sustainably.
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