RBA - a material rise in inflation expectations could require significantly higher rates ...Middle East

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Reserve Bank of Australia June meeting minutes. Headlines via Reuters:The RBA Board judged the case for holding rates steady stronger than for hikingNeeded to be vigilant to upside risks to inflation, data suggested upside risk for may cpiEconomic uncertainty meant it was difficult to rule in or out future changes in policyRecent data not sufficient to change outlook for inflation returning to target by 2026Judged still possible to bring inflation to target while keeping employment gainsBoard saw downside risks to the labour market, vacancy rates pointed to weaknessUnemployment rate could rise quickly as it had done in the pastContinued rapid rise in business insolvencies would be negative f

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RBA - a material rise in inflation expectations could require significantly higher rates ...Middle East

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