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Full statement of the RBA June 2023 monetary policy decision

At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 4.10 per cent. It also increased the interest rate paid on Exchange Settlement balances by 25 basis points to 4.00 per cent.Inflation in Australia has passed its peak, but at 7 per cent is still too high and it will be some time yet before it is back in the target range. This further increase in interest rates is to provide greater confidence that inflation will return to target within a reasonable tim... Read More

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Content Topics

Full

Statement

June

2023

Monetary

Policy

Decision

Forex

Posted: Jun 6 2023, 04:31

Author Name: forexlive

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