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Economy · Important news for 3 September 2026

Economy

Australia’s Economic Growth Accelerates, Fueling Rate-Hike Expectations

Bloomberg

Australia reported unexpectedly fast economic growth last quarter, strengthening arguments for the Reserve Bank of Australia to increase interest rates amid persistent inflation.

  • Australian economic growth accelerated beyond estimates in the last quarter.
  • The stronger growth figures add pressure on the Reserve Bank to hike rates.

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