Australia's central bank on Tuesday raised its policy rate to 4.35%, matching its December 2024 peak, as inflation remains elevated. The move by the Reserve Bank of Australia was in line with expectations in a Reuters poll of economists and marked its third consecutive rate increase. Eight members of the board voted for the hike, while one voted to hold rates at 4.1%. In its statement, the RBA said inflation had picked up materially in the second half of 2025, with conflict in the Middle East

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