Reserve Bank raises interest rates for third time this year
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Source: The Age
Published: 2026-05-05 14:31 UTC+10:00
Section: Politics / Federal
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Business, Middle East, Military & Defence, Iran, Energy, Economy & Finance, Business & Economy, War & Conflict
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Snippet:
The Reserve Bank has lifted interest rates as insurance against an inflation breakout from the Iran war, while warning that higher oil prices risk pushing the economy to the brink of a per-person recession.
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