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      RBA Says Inflation Is Too High as Confidence Readings Slump

      Australia’s inflation remains too high and interest rates will need to be set at a level consistent with returning it to the 2–3% target, Reserve Bank Deputy Governor Andrew Hauser said, as a surge in energy prices tied to the Iran war sent consumer and business confidence tumbling.

      Source: Bloomberg
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud