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RBA Statement says further rate hikes may be required

Reserve Bank of Australia Statement on Monetary Policy (SoMP) for May 2023Headlines via Reuters: Will do what is necessary to return inflation to targetSome further tightening may be required to reach target in a reasonable timeframeLonger inflation remains above target, greater the risk of price-wage spiralBoard wants to preserve as much of employment gains as possibleHouse prices, A$ had responded to expectation that rates might not increaseGoods disinflation limited so far, energy price infla... Read More

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Posted: May 5 2023, 01:31

Author Name: forexlive

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