Reserve Bank of Australia December meeting minutes.Headlines via Reuters:Board considered whether to raise rates by 25bp or hold steady.Decided case for steady rates was the stronger one at this meeting.Board saw "encouraging signs" of progress on inflation, this needed to continue.Whether further tightening required would be decided by data, assessment of risks.Recent data had not warranted a material change to the economic outlook.Board saw value in waiting for more data to assess balance of risks.Risk inflation could stay high too long balanced by risk of sharper slowdown in demand.Liaison with firms showed they expected price increases to moderate in year ahead.Consumption growth quite w
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