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RBA Statement says rates may need to go higher, full impact of rises so far not yet felt

RBA Statement says rates may need to go higher, full impact of rises so far not yet felt
The Reserve Bank of Australia Statement on Monetary Policy (SoMP).Headlines via Reuters: Some further tightening may be requiredBoard considered raising rates at August meeting, decided stronger case was to hold steadyPolicy has been tightened significantly, full impact has yet to be feltBoard mindful of lags in policy, painful financial squeeze on some householdsBoard keen to preserve gains made in labour marketTightening could provide some further insurance against upside inflation risksRBA tr... Read More
Posted: Aug 4 2023, 01:31
Author Name: forexlive
Views: 102545

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