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RBA minutes show the Bank debated a 25bp rate hike vs. holding steady

RBA minutes show the Bank debated a 25bp rate hike vs. holding steady
Reserve Bank of Australia minutes from the October 2023 meeting.Headlines via Reuters: At October meeting board considered raising rates by 25bp or holding steadyBoard members judged that case for holding steady was the stronger oneMembers noted data on inflation, jobs and updated forecasts would be available at November meetingMembers acknowledged upside risks to inflation were a "significant concern"Progress in lowering service sector inflation was slowBoard had "low tolerance" for a slower r... Read More
Posted: Oct 17 2023, 00:31
Author Name: forexlive
Views: 082498

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