Sydney: Australia’s central bank sees its current policy settings as appropriate to try to pull down core inflation that is still “too high,” while discussing at its meeting two weeks ago scenarios that might require an interest-rate cut, hike or for them to stay higher for longer.
“Monetary policy in Australia was assessed to be restrictive,” the Reserve Bank of Australia (RBA) said in minutes of its Nov 5 decision released in Sydney yesterday. “However, the degree to which this was the case remained uncertain and broader financial conditions had eased somewhat over preceding months.”
