Australia considered bigger rise

Minutes from the February board meeting of the Reserve Bank of Australia show that the central bank considered raising its cash target by a bigger margin than the quarter percentage point rise announced on 5 February.

The minutes, released today, revealed that the board had chosen a quarter percentage rise rather than half a percentage point, despite its belief that the inflation outlook had worsened since the previous meeting in December.

"Global credit and equity markets, which the board cons

To continue reading...