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RBA says 4.8% cash rate would return CPI to target faster than rate at 3.35%. Well, d'uh.

RBA says 4.8% cash rate would return CPI to target faster than rate at 3.35%. Well, d'uh.
Bloomberg report on documents it obtained from the Reserve Bank of Australia under Australia's Freedom of Information (FOI) laws. The docs are recent, from March 2023. Thye outline 3 options the RBA considered for the cash rate path ahead:“Steady Climb” where the cash rate rises by 25-basis-points at each board meeting to 4.8% in August, a level the authors considered to be about 1 percentage point above a “reasonable nominal neutral rate estimate” “Front-Loaded Path” where the rate jumps in 50... Read More
Posted: May 11 2023, 03:17
Author Name: forexlive
Views: 081710

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