(RBA) Statement by the Reserve Bank Board: Monetary Policy Decisions

At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 4.85 per cent. Inflation remains elevated and recent data indicate that it is broadly based. The inflation outlook has also been revised materially higher in the updated staff forecasts. This partly reflects higher fuel and other commodity prices affected by […] The post (RBA) Statement by the Reserve Bank Board: Monetary Policy Decisions appeared first on ActionForex.