The Reserve Bank of Australia (RBA) considered raising interest rates by 25 basis points or holding steady two weeks ago. The board noted that RBA staff forecasted inflation returning to the top of the band by the end of 2025 instead of the midpoint. Ultimately, the RBA decided to stand pat, pausing for more data before making a decision.
Australia’s central bank considered raising interest rates two weeks ago before deciding to stand pat https://t.co/GzNKmbDO7q
Australia’s central bank considered raising interest rates two weeks ago before deciding to stand pat https://t.co/D4mhB4SWw8 via @economics
Australia’s central bank considered raising interest rates two weeks ago before deciding to stand pat https://t.co/g00szJPMbU
⚠️ AUSTRALIA CENTRAL BANK CONSIDERED HIKING AGAIN IN DEC, PAUSED FOR MORE DATA Full Story → https://t.co/DGa9SO3Ml9 https://t.co/niyhyP1l0n
🔴 RBA: BOARD NOTED RBA STAFF FORECAST HAD INFLATION RETURNING TO TOP OF BAND BY END 2025 RATHER THAN MIDPOINT.
🔴 RBA: BOARD CONSIDERED WHETHER TO RAISE RATES BY 25 BPS OR HOLD STEADY.