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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