RBA still pondering rate rises
At Michelle Bullock’s first meeting as RBA Governor in October, the board remained concerned about persistent inflation.
RBA Governor Michele Bullock. Photo: RBA (www.rba.gov.au)
The Reserve Bank of Australia considered a 25 basis point rise in official interest rates at its last meeting and believes some further monetary tightening may be needed to bring inflation under control.
The minutes of the last RBA board meeting , held on October 3 and released today, showed that
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