Turkey inflation at over 83 percent

Australia’s central bank raises interest rates slightly

The Australian real estate market – the picture shows the skyline of Sydney – is losing steam due to the rate hikes by the Australian central bank.

Jia He, / www.imago-images.de

(dpa) Australia’s central bank is continuing its fight against high inflation, albeit at a slower pace. As the central bank announced in Sydney on Tuesday, its key interest rate will increase by 0.25 percentage points to 2.6 percent. Analysts had expected tightening, but most expected a step of 0.5 points. The monetary authorities had tightened their monetary policy to this extent several times in the past few months.