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Ukraine major source of uncertainty: RBA

Ukraine major source of uncertainty: RBA

Reserve Bank of Australia governor Philip Lowe says the war in the Ukraine is a new major source of uncertainty, as his board left the cash rate at a record low 0.1 per cent at its monthly meeting.

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Dr Lowe said the global economy continues to recover from the COVID-19 pandemic, but inflation in parts of the world has increased sharply due to large increases in energy prices and disruptions to supply chains at a time of strong demand.