RBA MINUTES: BOARD JUDGED THE CASE FOR HOLDING RATES STEADY STRONGER THAN FOR HIKING
The Minutes of the Reserve Bank of Australia’s (RBA) June monetary policy meeting showed Tuesday that the “board judged the case for holding rates steady stronger than for hiking.”
Additional takeaways
Needed to be vigilant to upside risks to inflation, data suggested upside risk for May CPI.
Economic uncertainty meant it was difficult to rule in or out future changes in policy.
Recent data not sufficient to change outlook for inflation returning to target by 2026.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.