The Reserve Bank of Australia continues to warn that further interest-rate increases may be needed if it sees signs that inflation isn't under control.
SYDNEY — The Reserve Bank of Australia continues to warn that further interest-rate increases may be needed if it sees signs that inflation isn’t under control.
“The board has a low tolerance for a slower return of inflation to target than currently expected,” the RBA said. The bank is aiming to return inflation to its 2%-3% target. The decision to hold centered on the belief that the impact of prior increases won’t become fully evident for some months. Any further rise depends on upcoming economic data, the RBA said.“Members observed that, prior to the November meeting, they would receive additional data on economic activity, inflation and the labor market, as well as a set of revised staff forecasts,” the RBA said.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Australia central bank sees possible cost savings in tokenisationAustralia central bank sees possible cost savings in tokenisation
Les mer »
Australia stocks rise ahead of central bank minutes; New Zealand inflation hits 2-year lowThe inflation reading for New Zealand is the first key economic reading for the newly elected prime minister.
Les mer »
Australia's central bank saw upside risks to inflation at Oct policy meetingAustralia's central bank saw upside risks to inflation at Oct policy meeting
Les mer »
RBA Minutes: Case to hold was stronger, upside risks to inflation were a significant concernThe Reserve Bank of Australia (RBA) published the Minutes of its October monetary policy meeting on Tuesday, highlighting that case for holding rate s
Les mer »
AUD/USD rally takes a breather below 0.6350, investors await RBA Meeting Minutes, US Retail SalesThe AUD/USD pair consolidated its recent gains during the early Asian session on Tuesday. Investors await the Reserve Bank of Australia (RBA) Meeting
Les mer »
Toyota-backed driver to enter F1 as McLaren reserveToyota-backed driver Ryo Hirakawa is a Le Mans winner and WEC champion, and soon he will also be a reserve driver for a leading F1 team.
Les mer »