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RBA minutes: credible path back to CPI target with cash rate staying at its present level

RBA minutes: credible path back to CPI target with cash rate staying at its present level
Reserve Bank of Australia minutes, Headlines via Reuters Board considered raising rates by 25bp or holding steadyBoard agreed case for holding rates steady was the stronger oneBoard saw a "credible path" back to inflation target with cash rates at current 4.1%Board agreed it was possible some further tightening might be neededNeed for further hike would depend on data, evolving assessment of risksInflation heading in right direction, though service inflation too highConsumption had slowed signi... Read More
Posted: Aug 15 2023, 01:33
Author Name: forexlive
Views: 102882

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