RBA governor Bullock: We did not discuss a rate cut at this meeting, only a rate hike or to hold
- Sees upside risks to inflation
- Expects a period of subdued economic growth will be required to bring inflation down
- Ready to raise cash rate again if needed
- Not ruling out further rate hikes, need more information
- The board discussed raising the cash rate today
- Did not discuss a rate cut, only a rate hike or a stay
- Thinking hard about when it might be appropriate to raise interest rates
More to come..
This article was written by Justin Low at investinglive.com.