February 07, 2024 BY PureContent

RBA keeps interest rates unchanged but warns of rate hikes if inflation remains stubborn

The RBA maintained its view on the inflation trajectory, expecting to achieve an annual target range of 2% to 3% by 2025, with a midpoint within that range expected only by 2026. In the statement on its Monetary Policy Decision, the RBA stated: The Board remains resolute in its determination to return inflation to target…

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