RBA sees credible path back to inflation target with interest rate at present level

<p>In the minutes from RBA’s August 1 meeting, board members weighed the decision between raising cash rate by 25bps or maintaining its unchanged. The board’s inclination to hold the rate steady was rooted in their belief that prior tightening measures were “working as intended.” Despite the full effects not yet being evident in the data, […]</p>
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