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RBA lifts cash rate to 1.35%

As expected, the Reserve Bank of Australia (RBA) lifted the cash rate target by 50 basis points to 1.35% at today’s board meeting.

This marks the third month in a row that the RBA has hiked rates, with further increases expected over the course of this year as the central bank seeks to contain rising inflation.

You can read the RBA's July statement here...

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