RBA Board Has Responded to Material Increase in Inflation Outlook

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<p>As we expected, the RBA Board raised the cash rate target by ¼ percentage point to 4.35%. Their inflation outlook is stronger, and so is their outlook for the labour market. But follow-up increases in rates are far from assured. At its November meeting, the RBA Board raised the cash rate target by ¼ percentage [&#8230;]</p>
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