Reserve Bank says it will do 'what is necessary' to tame inflation as it raises rates for fourth-straight month

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Reserve Bank says it will do 'what is necessary' to tame inflation as it raises rates for fourth-straight month
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The Reserve Bank increases interest rates for the fourth month in a row, raising its cash rate target by half a percentage point.

The Reserve Bank has increased interest rates for the fourth month in a row, raising its cash rate target by half a percentage point.

In his post-meeting statement, Reserve Bank governor Philip Lowe said the latest rate rise was unlikely to be the last this year.

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