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IN Full: RBA Governor Philip Lowe Explains Reason for 12th Rate Rise in 14 Months 

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Australia News

RBA Governor Philip Lowe gives update after the Reserve Bank lifted its official interest rate to 4.1 per cent, a level not seen since early 2012. The bank’s board decided to lift the cash rate target by 0.25 of a percentage point for the second month in a row, amid concerns inflation is taking too long to come down.

Credit ABC News (Australia)

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