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Statement by Michele Bullock, Governor: Monetary Policy Decision
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent. Interest rates have been increased by 4 percentage points since May last year. The higher interest rates are working to establish a more sustainable balance between supply and demand in the economy and will continue to do so. In light of this and the uncertainty surrounding the economic outlook, the Board again decided to hold interest rates steady this month. This will provide further time to assess the impact of the increase in ... (full story)
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️*RBA: FURTHER TIGHTENING DEPENDS ON DATA, HOW RISKS EVOLVE
— Cable FX Macro (@cablefxmacro) October 3, 2023
*RBA: SOME FURTHER TIGHTENING OF MONETARY POLICY MAY BE REQUIRED
*RBA: HIGHER RATES ARE WORKING TO BALANCE SUPPLY, DEMAND
*RBA: SEES INFLATION WITHIN 2%-3% TARGET RANGE IN LATE 2025
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RBA: INFLATION IS COMING DOWN, THE LABOUR MARKET REMAINS STRONG AND THE ECONOMY IS OPERATING AT A HIGH LEVEL OF CAPACITY UTILISATION
— First Squawk (@FirstSquawk) October 3, 2023
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