RBA fears “persistently elevated inflation”
The Reserve Bank of Australia’s (RBA) latest board monetary policy meeting minutes, released publicly on Tuesday, largely dashed hopes that interest rates might begin to fall early next year. At the meeting, the RBA raised the official cash rate to a 15-year high of 4.60%. The minutes were decisively more hawkish than Governor Bullock’s unscripted The post RBA fears “persistently elevated…
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