Skip to main content
Minutes of last meeting show board favoured easing but was split over when it should occur
The Reserve Bank of Australia
The board of Australia’s central bank decided it would need more inflation data before it could cut rates, according to minutes of the last policy meeting published today (July 22).
The Reserve Bank of Australia (RBA) surprised observers by holding rates at its meeting on July 8. According to the minutes, the board discussed reducing the policy rate, but six of its nine members voted to hold. The other three members supported a 25 basis point cut.
The minutes stated that all board members viewed
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com test test test
Most read articles loading…
Back to Top
#RBA #waiting #data #deciding #cut #rates