RBA Minutes: Tactical Wait-and-See, Not End of Tightening Bias Yet

Minutes from the RBA’s May meeting suggested policymakers are leaning toward a pause in June after acknowledging that interest rates are now likely in restrictive territory. The Board raised the cash rate by 25bps to 4.35% in an 8-1 vote, but members also judged that “financial conditions would probably be somewhat restrictive after this decision,” […]

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