Regulatory Alerts2026-06-16
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Statement by the Monetary Policy Board: Monetary Policy Decision
The Reserve Bank of Australia's Monetary Policy Board decided to leave the cash rate target unchanged at 4.35 per cent to assess the impact of previous rate hikes and ongoing oil supply disruptions. The Board noted that inflation remains too high due to capacity pressures and rising energy costs, necessitating continued tight financial conditions to prevent embedded inflation. While acknowledging signs of economic slowing, the Board emphasized its readiness to raise rates further if required to achieve its mandates of price stability and full employment.
Topics
monetary
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