RBA likely to keep policy on hold
Minutes shed light on board’s future plans
The Reserve Bank of Australia (RBA) looks set to hold its cash rate at 2.5% for a while longer, as the board believes "the current accommodative stance of policy [is] likely to be appropriate for some time yet", according to minutes from its latest meeting.
Following the meeting, on June 3, the board said monetary policy was "appropriately configured to foster sustainable growth in demand and inflation outcomes consistent with the target" and forecast "a period of stability in interest rates".
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