Australia's central bank raises rates by 50 basis points in hawkish surprise - CNBC

Markets had been split on whether rates would rise by 25 basis points or 40 basis points.

People walk past the Reserve Bank of Australia building in Sydney. On May 3, 2022, Australia's central bank raised interest rates for the first time in more than a decade to curb soaring consumer pri… [+3176 chars]

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