RBA minutes say further rate hike will be necessary


Minutes from the Reserve Bank of Australia monetary policy meeting, published on Tuesday, show that while interest rates were left on hold, members of the Reserve Bank board hinted that a further monetary tightening would be necessary in the future.

According to the minutes from the June 7 meeting, members said that while there had been additional evidence of the coming strong pick-up in investment in the resources sector, activity remained subdued in other important parts of the economy, partly

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