Next policy move will likely be hawkish, RBA says


The Reserve Bank of Australia’s monetary policy committee agrees the next interest rate move will likely be upwards, though the timing remains uncertain, the latest meeting minutes show.

In the policy meeting on October 2, the board chose to leave the rate unchanged at 1.5%.

The members raised the point that employment had risen strongly in August, highlighting that it has increased faster than population growth over the year. However, they said, further progress still needed to be made.


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