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RBA June minutes: Wage rises higher than expected

RBA June minutes: Wage rises higher than expected
Reserve Bank of Australia Summary Headlines via Reuters, bolding is mine:Board considered rate rise of 25bp or holding steady and reconsidering at later meetingArguments were "finely balanced" but board decided case for immediate hike was strongerHike would provide greater confidence inflation would return to target over "reasonable" timeframeBalance of risks to inflation had shifted to the upside since May meetingLonger inflation remained above target more risk inflation expectations would rise... Read More
Posted: Jun 20 2023, 01:31
Author Name: forexlive
Views: 081158

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