RBA leaves cash rate unchanged at 4.35% in June monetary policy meeting, as expected
- Prior 4.35%
- Decision today was unanimous
- Headline and underlying inflation are still too high
- Heightened uncertainty remains on economic and inflation outlook
- Resolution of the conflict in the Middle East is at an early stage
- There are plausible scenarios where inflation is higher, activity lower than envisaged under the May forecasts
- Global oil supply issues will take some time to resolve
- That will maintain upward pressure on global energy prices and inflation
- Inflation is likely to remain high for some time
- RBA focused on ensuring that inflation does not become embedded as impact from higher oil prices pass through
- Appropriate to leave the cash rate target unchanged while assessing the response to previous interest rate rises and the impact of the oil supply disruption
- Full statement
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This article was written by Justin Low at investinglive.com.提供 MainLink：Investinglive RSS Breaking News Feed
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