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RBA’s Split Decision on Rates Stokes Calls for More Transparency

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SYDNEY—Split decisions on interest rates are common among global central banks. What sets the Reserve Bank of Australia apart from counterparts including the Federal Reserve and Bank of Japan is that it doesn’t attach names to individual votes.

That was brought into focus this week when the RBA decided to raise interest rates by 25 basis points to 4.10%, with five of its board members outvoting four other officials.

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