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Australia
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RBA says path to inflation target is ‘narrowing’

The central bank is mandated to control inflation but is concerned that any rate rises could drive unemployment.

The RBA sees inflation return to its target 2 to 3% range by 2026.

The Reserve Bank of Australia considered an interest rate hike at its June meeting before judging that it was still possible to return inflation to its target range under current policy settings.

Minutes of the RBA’s June board meeting, at which the central bank kept rates on hold at 4.35%, showed

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Lachlan Colquhoun Tue, 02 Jul 2024
Contact the Writer: lachlan@nbr.co.nz
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RBA says path to inflation target is ‘narrowing’
Australia,
104730
true