close

TAGGED : inflation

Australian central bank lifts benchmark cash rate to 4.35% with 13th hike

CANBERRA, Australia (AP) — Australia’s central bank lifted its benchmark interest rate Tuesday for the first time since June with a quarter percentage point hike that brought the cash rate to a 12-year high of 4.35%.The Reserve Bank of Australia’s hike, its 13th since May 2022, was widely ...