-
Statement on Monetary Policy August 2023
Inflation in Australia continued to decline in the June quarter from its peak at the end of last year, but it remains too high. Headline and trimmed mean inflation were around 6 per cent in yearended terms. Goods price inflation eased further in the quarter, and by more than had been expected, especially for consumer durables. An easing in global cost pressures and a slowing in domestic demand growth are flowing through to domestic goods price inflation. By contrast, services price inflation – especially for market services and rents – remained strong. The outlook for inflation is little changed from three months ... (full story)
-
RBA: BOARD CONSIDERED RAISING RATES AT AUG MEETING, DECIDED STRONGER CASE WAS TO HOLD STEADY #News #Markets #RBA #live
— Capital Hungry (@Capital_Hungry) August 4, 2023
-
RBA: POLICY HAS BEEN TIGHTENED SIGNIFICANTLY, FULL IMPACT HAS YET TO BE FELT #News #Markets #RBA #live
— Capital Hungry (@Capital_Hungry) August 4, 2023
-
RBA: FORECASTS TRIMMED MEAN INFLATION END 2023 3.9%, END 2024 3.1%, END 2025 2.8% #News #Markets #RBA #INFLATION #live
— Capital Hungry (@Capital_Hungry) August 4, 2023
-
RBA’s MPS: Trims GDP growth and inflation forecasts for end 2023
Some further tightening may be required. • Board considered raising rates at aug meeting, decided stronger case was to hold steady. • Risks around inflation are broadly balanced, but much depends on inflation expectations. Inflation is moving in the right direction, consistent with reaching target by late 2025. • Policy has been tightened significantly, full impact has yet to be felt. • Board mindful of lags in policy, painful financial squeeze on some households. • Board keen to preserve gains made in labour market • Tightening could provide some further insurance against upside inflation risks. • ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Aug 3, 2023 9:33pm Aug 3, 2023 9:33pm
- Shoaibafridi
- | Joined Aug 2023 | Status: Junior Member | 1 Comment
- Comment #2
- Quote
- Aug 3, 2023 9:34pm Aug 3, 2023 9:34pm
- Wingcommandr
- | Joined Jun 2022 | Status: Member | 62 Comments
- Comment #3
- Quote
- Aug 3, 2023 11:23pm Aug 3, 2023 11:23pm
- logix1
- | Joined Aug 2023 | Status: Junior Member | 1 Comment
- Comment #4
- Quote
- Aug 4, 2023 12:56am Aug 4, 2023 12:56am
- Guest
- | IP XX.XXX.242.194
- Comment #5
- Quote
- Aug 4, 2023 1:24am Aug 4, 2023 1:24am
- tee1982
- | Joined Jul 2021 | Status: Junior Member | 1 Comment
- Comment #6
- Quote
- Aug 4, 2023 4:28am Aug 4, 2023 4:28am
- Aussi
- Joined Sep 2013 | Status: Member | 4051 Comments