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The economic week in review

Below is CBA economist Lucinda Jerogin’s round-up of this week’s economic and housing data: Key points: The RBA hiked the cash rate 25bps on Tuesday to 4.60%, its highest level in 15 years.

  • RBA raises cash rate to 4.60%, highest in 15 years
  • Inflation remains too high despite slowing economy
  • US consumer confidence at lowest since 2014

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