Reserve Bank of Australia August meeting minutesThe Reserve Bank of Australia considered a case to raise rates but decided that a steady outcome better balanced the risks.The RBA mentioned that the cash rate might have to stay steady for an "extended period."The RBA members agreed it is unlikely that rates would be cut in the short term.The RBA emphasized the need to be vigilant to upside risks to inflation, and that policy would need to remain restrictive.The RBA noted that an immediate hike in rates could be justified if risks to inflation had increased "materially."The RBA suggested that keeping rates steady for a longer period than implied by markets could help restrain inflation.The RBA
Hence then, the article about rba minutes possible cash rate will stay steady for an extended period was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( RBA minutes: Possible cash rate will stay steady for an extended period )