RBA Minutes: Need for further hike would depend on data, evolving assessment of risks – by anilpanchal7 RBA AUDUSD Australia CentralBanks Macroeconomics
The Reserve Bank of Australia published the Minutes of its August monetary policy meeting on Tuesday, highlighting that there prevails a need for further hike would depend on data, and evolving assessment of risks.
The minute statement also showed that the board agreed that the case for holding rates steady was the stronger one while also seeing a "credible path" back to inflation target with cash rates at current 4.1%.Board saw "plausible scenarios" where inflation took longer than acceptable to return to target.AUD/USD remains pressured
is hawkish about the inflationary outlook for the economy, then the markets see a higher possibility of a rate increase, and that is positive for the AUD.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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