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Statement by Philip Lowe Governor: Monetary Policy Decision

Posted by Tradelinecapital
05 Sep 2023 01:46:47 PM

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INFLATION IN AUSTRALIA HAS PASSED ITS PEAK
MORE TIGHTENING DEPENDS ON HOW ECONOMY, RISKS EVOLVE
INFLATION STILL TOO HIGH, WILL REMAIN SO FOR SOME TIME
SOME FURTHER TIGHTENING OF MONETARY POLICY MAY BE REQUIRED
HIGHER RATES ARE WORKING TO BALANCE SUPPLY, DEMAND
AUSTRALIA ECONOMY EXPERIENCING BELOW-TREND GROWTH
HIGH INFLATION WEIGHING ON REAL INCOMES

Effect: Bullion will remain down because of the same.

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