Minutes of the Monetary Policy Meeting of the Reserve Bank Board
Members commenced their discussion of international economic developments by observing that high inflation remained the primary concern for central banks in advanced economies. Headline inflation had edged higher over recent months in several countries because of increases in fuel prices. Core inflation had declined in year-ended terms, but core services inflation generally remained high. Although inflation in the prices of services other than housing had likely passed its peak and demand in the services sector had started to ease, the overall disinflation process was viewed as likely to take some time. The ... (full story)
<AUD=>:*RBA: WILL ‘DO WHAT IS NECESSARY’ TO RETURN INFLATION TO TARGET— Cable FX Macro (@cablefxmacro) November 21, 2023
*RBA SAYS FURTHER TIGHTENING TO DEPEND ON INCOMING DATA, RISKS
*RBA: RISK OF NOT RETURNING CPI TO TARGET BY END 2025 HAD RISEN
*RBA: CPI FORECASTS WOULD BE HIGHER IF NOT BASED ON 1-2 HIKES
RESERVE BANK OF AUSTRALIA BOARD MINUTES: CONSIDERED CASE FOR RAISING RATES OR HOLDING STEADY— First Squawk (@FirstSquawk) November 21, 2023
- Older Stories
Silver (XAG/USD) price is showing a weakness this week. The sell-off that started at the end of last week continued on Monday as the prices of the precious metals showed a ...
Chile’s government is in talks with the Biden administration over benefits that US companies could access from the Inflation Reduction Act if they were to invest in the ...
post: RESERVE BANK OF AUSTRALIA GOV BULLOCK SAYS INCREASINGLY OPTIMISTIC ABOUT THE LABOUR MARKET post: RBA'S BULLOCK: INFLATION IS CRUCIAL CHALLENGE OVER THE NEXT ONE OR TWO YEARS
- Newer Stories
A multi-day strike is underway at the Chinese-owned Las Bambas copper mine in Peru, the leader of the workers union said on Monday, as part of its demands to improve profit ...
Although inflation pressures are easing and a weakening economy is starting to cool down the labor market, analysts have said that the Federal Reserve still isn't ready to shift ...
Bank of England Governor Andrew Bailey warned the central bank may have to raise interest rates again and that food and energy costs remain an upside risk to the inflation ...