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RBA surprises with 25 bps rate hike, cash rate raised to 4.10%

Prior 3.85%Inflation has passed its peak but is still too highIt will be some time yet before it is back in the target rangeEconomic growth has slowed and labour market conditions have eased, although they remain very tightWages growth has picked up in response to the tight labour market and high inflationRBA remains alert to the risk that expectations of ongoing high inflation contribute to larger increases in both prices and wagesThe path to achieving a soft landing remains a narrow oneA signi... Read More

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Posted: Jun 6 2023, 04:30

Author Name: forexlive

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