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Australia lifts cash rate to 3.35% with 9th rate hike

FILE - A man walks past the Reserve Bank of Australia building in Sydney, Australia on Oct. 7, 2021. Australia's central bank on Tuesday, Feb. 7, 2023, lifted its benchmark interest rate to a ten year high of 3.35 per cent with a quarter of a percentage move, a record ninth consecutive increase. (AP Photo/Mark Baker, File) FILE - Philip Lowe, Governor of the Reserve Bank of Australia addresses a lunch in Sydney, Australia, Thursday, Sept. 8, 2022. Australia's central bank on Tuesday, Feb. 7, 2023, lifted its benchmark interest rate to a ten year high of 3.35 per cent with a quarter of a percentage move, a record ninth consecutive increase. (AP Photo/Mark Baker,File)