Domestic pressures behind Australian rate rise
Members of the Reserve Bank of Australia's rate-setting board voted to hike rates last month on domestic economic grounds, minutes of the 6 November meeting reveal.
"According to the latest national accounts, all components of demand, apart from housing investment, were increasing strongly and economic activity had expanded at a pace well above average over the year to June. Available data suggested these trends had continued more recently. The labour market had tightened further and underlying
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