RBA minutes: Likely to require further increases in interest rates over the period ahead – by fx_ross RBA AUDUSD CentralBanks
The Reserve Bank of Australia has published the minutes of its monetary policy meeting as follows, as reported by Reuters:
''The RBA Board noted rates had already risen by 250 basis points since May and much of that had yet to feed through into mortgage payments. The tightening had also hit home prices and household wealth and could cool consumption over time.'' ''Many central banks abroad had also been increasing rates which was likely to cause a period of "significantly lower output growth" and help lessen inflationary pressures."Members noted that, in an uncertain environment, there was an argument to slow the adjustment of policy for a time to assess the effects of the significant increase in interest rates to date and the evolving economic''Still, the Board emphasised that inflation in Australia was too high at 6.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BoE Gov Bailey: Stronger rates response needed to fight inflation, GBP/USD back above 1.1230 pre-openReuters reported that the Bank of England Governor Andrew said on Saturday that inflationary pressures might require a stronger interest rates respons
Read more »
How high will rates go? This chart shows expectations for central bank policy rates.“Interest rates have increased rapidly over the past six months, and that pace is expected to continue. … Our view is that policy rates in these major economies will continue to rise into March 2023,” Vanguard’s European chief economist wrote in a note.
Read more »
New car inventories rising and prices falling, but not much yetNew car inventories are rising as supply begins to catch up with demand, which has been hampered by increasing interest rates affecting consumer buying power.
Read more »
AUD/NZD climbs to near 1.1170 after a strong demand ahead of RBA minutesThe AUD/NZD pair has driven to near 1.1170 in the early Tokyo session after picking fresh demand from around 1.1134. On a broader note, the cross has
Read more »
Sanders criticizes Fed, touts Dems as “preferable' candidates for working classSen. Sanders says Dems are more 'preferable' candidates for working class voters in the upcoming midterms. “[A]t a time when half our people are living paycheck to paycheck, we should raise the minimum wage to a living wage. No Republicans support that.”
Read more »
AUD/USD bulls pierce 0.6300 as RBA Minutes, Bullock sound hawkishAUD/USD extends the week-start uptrend to refresh intraday high near 0.6315 as upbeat comments from the RBA policymakers and minutes favored the bulls
Read more »