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Australia’s central bank will likely keep its key interest rate at a 12-year high and stick with it for much of the year to restrain inflationary pressures underpinned by a surprisingly tight job market. All-but-one of the economists surveyed by Bloomberg expect the Reserve Bank will hold the cash rate at 4.35% for a fourth straight meeting on Tuesday, ...
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Labor has declared inflation the “primary focus” of this month’s federal budget, as the government walks the tightrope of lowering cost of living pressures while putting downward pressure on the bottom line. Amid growing calls for spending cuts to take the heat off interest rates, and ahead of this week’s meeting of the Reserve Bank board, Finance Minister ...
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