(Bloomberg) — Australia’s central bank signaled a further shift toward a neutral stance as minutes of its March meeting showed the board didn’t consider the case to raise interest rates for the first time since May 2022. The Reserve Bank made no mention of rate-hike discussions in the minutes released Tuesday, while noting the balance…
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The RBA is expected to be the last major central bank to start cutting interest rates and economists predict the cash rate will remain on hold at least until November.
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Employers say the ACTU’s bid for a 5 per cent increase is “an open letter to the RBA to keep interest rates higher for longer”, while economists warn it will have an inflationary effect.