Reserve Bank of Australia Warns of More Rate Hikes in 2023 but Leaves All Options Open

Started by Epoch-Times-Bot, Dec 21, 2022, 01:15 AM

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Epoch-Times-Bot

Dec 21, 2022, 01:15 AM
Reserve Bank of Australia Warns of More Rate Hikes in 2023 but Leaves All Options Open

The Reserve Bank of Australia (RBA) has stated it will put a range of interest rate decisions on the table in 2023 while warning Australians of more potential rate hikes as the economic outlook remains uncertain.
The newly released RBA’s meeting minutes revealed that the central bank put forward three interest rate options for December: a pause, a 0.25 percent increase, and a larger 0.5 percent lift.
There were arguments in favour of each of these options as the RBA board took into account the gloomy global outlook, confusing consumers’ spending behaviour in recent months, and the threat of a wage-price spiral–a situation in which wage increases cause prices to rise, eventually leading to more wage increases and so on....

Source: Reserve Bank of Australia Warns of More Rate Hikes in 2023 but Leaves All Options Open

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