Minutes from the Reserve Bank’s August meeting show the board considered lifting the cash rate to 4.35% but decided to allow more time to look at economic data
Get our morning and afternoon news emails, free app or daily news podcast
Slowing economic growth helping to drag inflation down and a recognition that some households faced “acute financial challenges” were among the reasons the Reserve Bank left interest rates on hold earlier this month.
Minutes from the RBA’s August meeting, released on Wednesday, showed the board viewed the risks facing the economy as “broadly balanced” between allowing inflation to remain too high for too long or slowing the economy too hard.
Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup
About Author
More Stories
Murders in Jamaica drop but activists alarmed at rise in fatal police shootings
Weather tracker: North America could experience record heat as high pressure builds
Kurdish militants PKK to disarm after decades of attacks against Turkey