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Minutes of the Monetary Policy Meeting of the Reserve Bank Board
Members began by observing that global inflation remained high but that there had been encouraging progress in reducing inflation towards central banks’ targets. Much of the easing in inflation in advanced economies had been due to movements in energy and goods prices. Members noted that global shipping costs had increased recently, partly related to attacks on vessels in the Red Sea. While this posed some upside risk to tradable goods inflation, the increases in shipping costs had been small relative to those seen during the pandemic. Compared with goods price inflation, core services price inflation had continued ... (full story)
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RBA Minutes: Board Considered Interest-Rate Hike, Saw Pause Case As Stronger
— LiveSquawk (@LiveSquawk) February 20, 2024
- Needed ‘Some Time’ To Be Certain On Inflation Decline
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RBA: FINANCIAL CONDITIONS RESTRICTIVE ON SOME MEASURES, LESS SO ON OTHERS
— First Squawk (@FirstSquawk) February 20, 2024
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RBA: HIGH INFLATION, HIGHER TAX AND INTEREST PAYMENTS HAD WEIGHED ON CONSUMPTION
— First Squawk (@FirstSquawk) February 20, 2024
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RBA: DATA ON LABOUR MARKET, CONSUMPTION HAD BEEN WEAKER THAN EXPECTED
— First Squawk (@FirstSquawk) February 20, 2024