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PoliticsNow: Resilient economy forced rate rise, RBA chief Phillip Lowe says

The Commonwealth Bank has become the first major institution to increase rates after the first cash rate hike, from 0.1 to 0.35 per cent, in 12 years.

Patrick Commins, Sarah Ison and Joe Kelly
The Reserve Bank of Australia was expected to lift interest rates for the first time since November 2010. (Photo by Brook Mitchell/Getty Images Picture: Getty Images
The Reserve Bank of Australia was expected to lift interest rates for the first time since November 2010. (Photo by Brook Mitchell/Getty Images Picture: Getty Images
less than 2 min read
5:22AMMay 03, 2022.
Updated 4:31PMMay 03, 2022

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Original URL: https://www.theaustralian.com.au/nation/politics/politicsnow-sea-shepherdwearing-vandals-target-frydenberg-signs/live-coverage/0be3e69b2ea2286c1f87053b98053fdb