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RBA: Minutes of the Monetary Policy Meeting of the Reserve Bank Board
Members commenced their discussion of financial conditions by observing that financial market pricing continued to imply a relatively benign outlook for global growth and inflation. Corporate bond spreads had fallen back to levels close to those prevailing immediately prior to the US Administration’s tariff announcements in early April. Equity prices were at or near record highs and measures of equity risk premia were low. The improvement in market conditions in preceding weeks appeared to reflect an expectation that the most extreme outcomes for US tariffs were likely to be avoided. However, the final scope of ... (full story)
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RESERVE BANK OF AUSTRALIA MINUTES:
— PiQ (@PiQSuite) July 22, 2025
BOARD AGREED FURTHER RATE CUTS WARRANTED OVER TIME, FOCUS WAS ON TIMING AND EXTENT OF EASING
BOARD CONSIDERED WHETHER TO LEAVE RATES AT 3.85% OR TO CUT BY 25BPS
MAJORITY AGREED PRUDENT TO AWAIT CONFIRMATION ON INFLATION SLOWDOWN BEFORE…