SYDNEY, March 8 (Reuters) - The head of Australia's
central bank on Wednesday said it was closer to pausing its
aggressive cycle of rate increases as policy was now in
restrictive territory and there were signs the economy was
responding.
The Reserve Bank of Australia (RBA) on Tuesday lifted
interest rates to an 11-year high of 3.60% and flagged more
tightening would still likely be needed to tame inflation.
(Reporting by Wayne Cole
Editing by Chris Reese)
Messaging: wayne.cole.thomsonreuters.com@reuters.net))
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