Australian PM sorry for rate hike ahead of vote (AFP)

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Australian Prime Minister John Howard is pictured speaking to the media near Sydney, in October. Howard apologised to voters, on 07 October, after the central bank raised interest rates 0.25 points to an 11-year high of 6.75 percent just weeks out from a 24 November election.(AFP/File/Greg Wood)AFP - Australian Prime Minister John Howard, fighting for his political life at upcoming elections, apologised to voters Wednesday after the central bank hiked interest rates to an 11-year high.



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