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Strong Australian demand required a rate rise, says RBA

The Australia central bank’s forecasts suggest, however, that there may be only one more rate hike in this cycle.

Resilient retail spending and a mindset among businesses that cost increases could be passed onto consumers, were major factors in the Reserve Bank of Australia’s decision to increase interest rates earlier this month.

The minutes from the RBA’s November meeting, published today, showed the

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Lachlan Colquhoun Tue, 21 Nov 2023
Contact the Writer: lachlan@nbr.co.nz
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Strong Australian demand required a rate rise, says RBA
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