RBA satisfied with monetary policy

According to the minutes of the December Monetary Policy meeting, released yesterday, the positive outlook for business investment means the current policy setting is appropriate.

The Board kept its overnight cash rate target at 4.75 per cent in December after a surprise increase of 0.25 of a percentage point in November that it called a pre-emptive move to ensure that positive terms of trade shock and any surge in capital expenditure did not fuel inflationary pressures.

Inflation remains in the bottom half of the RBA’s target range of 2 to 3 per cent.

Tags:

• Latest

SHARE

Share this article on:

×

Facebook Twitter LinkedIn Copy link

Related articles

---

1 MIN READ

Markets in a ‘sound’ state despite shift: PIPA

The winds of change are sweeping through the country’s real estate market, but for Property Investment Professionals o...

Read More

3 MIN READ

Zero vacancies: 20 suburbs where renters are in ‘desperate’ mode

A new report has revealed 20 suburbs where tenants are now in crisis mode, as they cough up more than half of their week...

Read More

11 MIN READ

Property market update: Perth, May 2022

Perth continued to outperform its bigger capital counterparts in May, as the city closed up the autumn season with a sol...

Read More

RBA satisfied with monetary policy

webmaster

Last Updated: 20 April 2020 Published: 22 December 2010