The Reserve Bank of Australia (RBA) states that conditions in the labor market are gradually easing, although they are tighter than ideal for sustained full employment and inflation at target. The RBA emphasizes the need for confidence in Consumer Price Index (CPI) moving sustainably towards the target. The board remains determined to bring inflation back to target despite warnings of a housing boom potentially delaying rate cuts.
Reserve Bank Of Australia Cash Rate Target - Full Report https://t.co/1qUbKSV4Pz
Rates stay steady amid warnings housing boom could delay cuts https://t.co/P54TpoNutk #realestate #RBA #interestrates
🔴 RBA: NEED TO BE CONFIDENT CPI MOVING SUSTAINABLY TO TARGET.
🔴 RBA: BOARD REMAINS RESOLUTE IN ITS DETERMINATION TO RETURN INFLATION TO TARGET.
RBA: ACCORDINGLY, CONDITIONS IN THE LABOUR MARKET CONTINUE TO EASE GRADUALLY, ALTHOUGH THEY REMAIN TIGHTER THAN IS CONSISTENT WITH SUSTAINED FULL EMPLOYMENT AND INFLATION AT TARGET