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MNI BRIEF: RBA Discussed 50bp, All Options On Table - Minutes

(MNI) Perth
True

The Reserve Bank of Australia underlined that it is not on a pre-set path by noting it was prepared to revert back to 50bp hikes or even pause depending on the flow of economic data, according to minutes of the November 1 meeting released Tuesday.

The Board discussed both a 25bp and 50bp hike but "agreed that acting consistently would support confidence in the monetary policy framework among financial market participants and the community more broadly." The RBA downshifted to a 25bp hike at its October meeting and is expected to raise rates another 25bp at Its December meeting after lifting them to 2.85% in November. (See MNI RBA WATCH: Hikes 25bp, To Miss Inflation Target Until 2025)

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The Reserve Bank of Australia underlined that it is not on a pre-set path by noting it was prepared to revert back to 50bp hikes or even pause depending on the flow of economic data, according to minutes of the November 1 meeting released Tuesday.

The Board discussed both a 25bp and 50bp hike but "agreed that acting consistently would support confidence in the monetary policy framework among financial market participants and the community more broadly." The RBA downshifted to a 25bp hike at its October meeting and is expected to raise rates another 25bp at Its December meeting after lifting them to 2.85% in November. (See MNI RBA WATCH: Hikes 25bp, To Miss Inflation Target Until 2025)

Keep reading...Show less