RBA Considered Further Interest-Rate Hike at September Meeting

RBA Considered Further Interest-Rate Hike at September Meeting


SYDNEY—The Reserve Bank of Australia continues to warn that further interest-rate increases might be needed if inflation remains stickier than expected, adding that it considered tightening policy settings further at a meeting earlier this month.

Still, in minutes of its Sept. 5 board meeting published Tuesday, the RBA said it is confident that the Australian economy remains on a “narrow path” by which inflation returns to the desired 2% to 3% inflation target over time, while employment growth continues.

The…



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