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Statement by Philip Lowe, Governor: Monetary Policy Decision
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent. Interest rates have been increased by 4 percentage points since May last year. The higher interest rates are working to establish a more sustainable balance between supply and demand in the economy and will continue to do so. In light of this and the uncertainty surrounding the economic outlook, the Board again decided to hold interest rates steady this month. This will provide further time to assess the impact of the increase in ... (full story)
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️*RBA: INFLATION IN AUSTRALIA HAS PASSED ITS PEAK
— Cable FX Macro (@cablefxmacro) September 5, 2023
*RBA: MORE TIGHTENING DEPENDS ON HOW ECONOMY, RISKS EVOLVE
*RBA: INFLATION STILL TOO HIGH, WILL REMAIN SO FOR SOME TIME
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️*RBA: SOME FURTHER TIGHTENING OF MONETARY POLICY MAY BE REQUIRED
— Cable FX Macro (@cablefxmacro) September 5, 2023
*RBA: HIGHER RATES ARE WORKING TO BALANCE SUPPLY, DEMAND
*RBA: AUSTRALIA ECONOMY EXPERIENCING BELOW-TREND GROWTH
*RBA: HIGH INFLATION WEIGHING ON REAL INCOMES