Reported about 1 year ago
The Reserve Bank of Australia is keeping a watchful eye on potential upsides to inflation and is awaiting further evidence of core consumer price decreases before considering any interest rate adjustments. Assistant Governor Christopher Kent mentioned that while Australia's monetary policies are restrictive, the extent remains uncertain, emphasizing the need for ongoing vigilance toward inflation risks. The RBA's model-average neutral rate currently stands at around 3.5%, and recent data showing mixed signals underscore the importance of staying alert to potential inflationary pressures.
Source: YAHOO