RBA concedes it was ‘late’ to hike interest rates during inflation surge | ABC NEWS

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The RBA governor Michele Bullock has admitted the central bank was arguably “late” when it decided to lift interest rates aggressively in 2022, in an attempt to contain Australia’s inflation spike.
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The ASX 200 has fallen for five straight days, and recorded its largest weekly drop since September 2022, while the Australian dollar has risen back towards 64 US cents, as finance presenter David Chau explains.




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