RBA considered 15bps, 25bps, 40bps hikes in May

In the minutes of May 3 meeting, RBA revealed that three options on interest rate hikes were considered, including 15bps, 25bps and 40bps. Raising the cash rate by 15bps was not preferred “given that  policy was very stimulatory and that it was highly probable that further rate rises would be required.” And argument for 40bps […]

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