RBA minutes show intense focus on inflation and inflation expectations risks ...Middle East

Reserve Bank of Australia November meeting minutes, Headlines via Reuters: Considered case for raising rates or holding steadyBoard saw "credible case" that a rate rise was not needed at this meetingBut judged case for hiking was the stronger one given inflation risks had increasedWhether further tightening required would depend on data, assessment of risksSaw risk that inflation expectations could increase if rates were not raisedImportant to prevent even a modest further increase in inflation expectationsGrowing mindset among businesses that cost increases could be passed on to customersNoted staff forecasts for inflation at meeting assumed one or two more rate risesBoard noted cash rate r

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RBA minutes show intense focus on inflation and inflation expectations risks ...Middle East

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