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RBA Statement revises forecasts for core inflation higher

RBA Statement revises forecasts for core inflation higher

Reserve Bank of Australia's Statement on Monetary Policy (SoMP)

Summary Headlines via Reuters, bolding is mine:

  • Board's priority is to return inflation to target
  • Board expects further increases in interest rates will be needed
  • Board mindful of rise in interest rates already made, policy acts with a lag
  • Considerable uncertainty about outlook and level of rates needed to meet objectives
  • Inflation likely to have peaked at end of 2022, but labour... Read More
Posted: Feb 10 2023, 00:31
Author Name: forexlive
Views: 110616

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