The AFR View
An RBA tightening bias is called for
It’s hard not to interpret the governor’s press conference and the board’s statement as at least a mild tightening bias that will keep the cash rate where it is at least until near the end of 2024.
Key Points
- Guidelines for how to write a letter to the editor are here.
- Please send your letter to edletters@afr.com.au
Reserve Bank governor Michele Bullock revealed during her press conference on Tuesday that the board had discussed lifting interest rates in response to fears that inflation is at risk of becoming embedded above its 2 per cent to 3 per cent inflation target.
But the board opted to keep its 4.35 per cent cash rate on hold. There was apparently next to no discussion of cutting the cash rate any time soon.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Economy
Fetching latest articles