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Full statement of the RBA monetary policy decision for July 2023

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent.Interest rates have been increased by 4 percentage points since May last year. The higher interest rates are working to establish a more sustainable balance between supply and demand in the economy and will continue to do so. In light of this and the uncertainty surrounding the economic outlook, the Board decided to... Read More

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Content Topics

Full

Statement

Monetary

Policy

Decision

July

2023

Forex

Posted: Jul 4 2023, 04:30

Author Name: forexlive

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