Chii11
wrote a post · Aug 5 16:27
RBA preview: rate hike unlikely, but hawkish hold on tap amid sticky inflation
The Reserve Bank of Australia is widely expected to keep interest rates unchanged at the conclusion of a meeting on Tuesday, especially after recent inflation data showed mild cooling.
But given that inflation remains well above the RBA’s 2% to 3% annual target range, the central bank is expected to provide some hawkish signals, and is likely to signal rates will remain high for longer.
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