RBA minutes: looming inflation led to rate hike
Minutes from the latest Reserve Bank of Australia Reserve Bank board meeting published on Tuesday said the central bank hiked rates due to the positive growth outlook in next year.
Minutes from the 2 November Reserve Bank board meeting showed that members viewed the outlook for growth in Australia's resources sector as very strong with GDP growth expected to rise gradually. They said that while inflation had moderated, it was likely that the decline was now largely complete; inflation was
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