Australia's central bank raises rates to 3.5 pct
Published: 02 Nov 2009 19:36:34 PSTSYDNEY, Nov 3 - Australia's central bank increased its key cash rate by a quarter of a percentage point to 3.5 percent on Tuesday, a widely expected decision given growing evidence of strength in the economy.
The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting.
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