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AUD not a lot changed after the Reserve Bank of Australia minutes, small dribble lower
The minutes of the September policy meeting read mixed, with hawkish tones but this line seems to indicate the Bank really thinks the rate hike cycle is over:The recent flow of data was consistent with inflation returning to target within a reasonable timeframe while the cash rate remained at its present level. Members recognised the value of allowing more time to see the full effects of the tightening of monetary policy since May 2022, given the lags in the transmission of policy through the ec...
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Posted: Sep 19 2023, 02:16
Author Name: forexlive
Views: 112247