RBA Considered Further Interest-Rate Hike at September Meeting

Estimated read time 1 min read
Estimated read time 1 min read

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.


Source link