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THE Reserve Bank of Australia (RBA) is expected today to increase the official interest rate to its highest level since the mid-1990s.
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Rudd warns banks on rate rises
PRIME Minister Kevin Rudd has fired another shot at Australia's banks ahead of today's expected interest rate rise.
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Dollar rises ahead of rates decision
THE Australian dollar was higher at noon as the market awaits this afternoon's interest rate decision following the central bank's monthly board meeting.
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Stocks close lower as rates rise
THE Australian share market closed lower today, with a mixed performance among blue chip stocks, as the central bank raised interest rates by 25 basis points.
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Banks prepare to act on rate rise
THREE of the nation's biggest banks, National Australia Bank (NAB), Commonwealth Bank of Australia (CBA) and Westpac, say they are reviewing their interest rates after the central bank today lifted the official cash rate by 25 basis points.
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Reserve Bank expects more rises
THE Reserve Bank of Australia (RBA) has raised official interest rates by a quarter of a percentage point and warned that further rises may be on the way this year.
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