RBA Didn’t Consider Case to Raise Australia Rates in March, Minutes Show

Australia’s central bank signaled a further shift toward a neutral stance as minutes of its March meeting showed the board didn’t consider the case to raise interest rates for the first time since May 2022.

The Reserve Bank made no mention of rate-hike discussions in the minutes released Tuesday, while noting the balance of risks to the outlook were “a little more even” than previously. The board kept the key rate at a 12-year high of 4.35% and said recent economic data had been broadly in line with its forecasts.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *