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Australia’s Central Bank Warns Economy To Slow Sharply As Inflation Soars

Australia's central bank on Friday warned inflation was heading to three-decade highs requiring further hikes in interest rates that would slow growth sharply, making it tough to keep the economy on an "even keel". In its quarterly Statement on Monetary Policy, the Reserve Bank of Australia (RBA) jacked up its forecasts for inflation, downgraded the outlook for growth...
Posted: 2022-08-05 05:43:27.000000

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