Australian central bank holds rates, but governor warns of future rises
Board members confident about effects of tighter Fed policy and possible trade disputes
The Reserve Bank of Australia (RBA) has reiterated to keep the cash rate at a historically low level in the near term, while reminding borrowers to prepare for a rate hike.
Members of the policy board agreed “there was no strong case for a near-term adjustment in monetary policy”, according to the minutes of its last policy meeting, published on August 21.
The RBA has repeatedly ruled out a near-term rate hike, citing subdued wages and below-target inflation. But governor Philip Lowe warned
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