AUSTRALIA-SYDNEY-CASH RATE-LIFT

AUSTRALIA-SYDNEY-CASH RATE-LIFT

(230307) -- SYDNEY, March 7, 2023 (Xinhua) -- This photo taken on March 7, 2023 shows a construction site in Sydney, Australia. The Reserve Bank of Australia (RBA) has decided to lift the cash rate target by 25 basis points to 3.6 percent, while the interest rate on Exchange Settlement balances jumped by 25 basis points to 3.5 percent. This is the 10th consecutive rate hike since May of last year when the RBA announced the first 25-basis-point increase. The central bank's new decision for a 25-basis-point lift also took the cash rate to its highest level since May 2012. (Photo by Hu Jingchen/Xinhua)

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