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MNI BRIEF: RBA Board Stresses Future Hike Risk - Minutes

(MNI) Melbourne

The Reserve Bank of Australia board aimed to stress the risk of further cash rate hikes due to high uncertainty over returning inflation to its 2-3% target band at the Feb 6 meeting, the published minutes showed Tuesday.

“Members agreed that it was appropriate not to rule out a further increase in the cash rate target,” the minutes noted.

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The Reserve Bank of Australia board aimed to stress the risk of further cash rate hikes due to high uncertainty over returning inflation to its 2-3% target band at the Feb 6 meeting, the published minutes showed Tuesday.

“Members agreed that it was appropriate not to rule out a further increase in the cash rate target,” the minutes noted.

Keep reading...Show less