RBA minutes drop hawkish language
Minutes of June meeting appear to contrast with recent remarks by governor Philip Lowe
The Reserve Bank of Australia has dropped language indicating an upward trend in interest rates from its latest minutes, in contrast to the governor’s latest speech.
The RBA today (June 19) released the minutes of its June monetary policy meeting, dropping two phrases regarding the outlook for the official interest rate.
In its minutes of the April and May meetings, the members of the policy board had agreed the most likely next move in the cash rate “would be up, rather than down”
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