RBA minutes: Considered whether to raise rates ...Middle East

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Minutes of the May 2024 Reserve Bank of Australia meeting.Headlines via Reuters: Considered whether to raise rates, judged case for steady policy the stronger oneBoard agreed difficult to either rule in or rule out future changes in the cash rateFlow of data had increased risks of inflation staying above target for longerBoard expressed limited tolerance for inflation returning to target later than 2026Staff forecasts were considered sound, presented credible path back to targetBoard noted forecasts were predicated on noticeably higher path for the cash rateRate rise could be appropriate if forecasts proved overly optimisticRisks around the forecasts were judged to be balancedImportantly, in

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