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Australia Set for Back-to-Back Rate Hikes Amid Split on Size

  • Fifteen of 29 economists see 25-basis point rate hike to 0.60%
  • Prices, higher labor costs among arguments for outsized move
Bloomberg business news
Reserve Bank of Australia Likely to Hike Rates by 40 Basis Points: JPMorgan AM
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Australia’s central bank is poised to implement back-to-back interest-rate increases for the first time in 12 years on Tuesday, economists and traders predict, with the key debate centering on the size of the move.