RBA Has Much to Consider Before Deciding on Another Interest Rates Rise

Published on June 29, 2024

Before a decision is made on whether another interest rates rise will be on the cards in August, there are many things to considered, according to the Reserve Bank of Australia (RBA). On June 26, Australian Bureau of Statistics (ABS) data showed annual inflation had hit 4 percent in May, up from 3.6 percent the month before. Speaking at the Citi A50 Australian Economic Forum on June 27, RBA deputy governor Andrew Hauser said there was more economic data that needed to be taken into consideration before the next interest rates meeting. “There’s a whole series of data coming out between now and when we meet in August,” he told the forum....

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