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flag RBA raises key interest rate to 4.10% amid inflation concerns.

flag The Reserve Bank of Australia raised its key interest rate by 25 basis points to 4.10%, a decision made by a divided board. flag Experts warn inflation remains above target at 3.8%, with Westpac forecasting two additional hikes due to escalating oil prices from geopolitical tensions. flag This uncertainty, combined with the RBA's review of payment fees, is causing market caution as households face higher mortgage costs and weaker investor confidence.

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