RBA elected not to fine-tune rates at policy meeting

(Image: NZME)

Tue, 21 May 2024

By James GlynnThe Reserve Bank of Australia has warned that risks around the inflation outlook have risen, while uncertainty around the economy’s trajectory more broadly remains highly elevated.Minutes of the central bank’s May 6 to May 7 policy meeting showed that while it said there were increased risks that inflation will stay higher for longer than expected, the policy-setting board decided to keep interest rates on hold to avoid “excessive fine-tuning” of policy settings.The central bank left the official cash rate...

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