Policymakers of the Reserve Bank of Australia discussed pausing the interest rate hike at the last meeting of the year, citing the lagged effect of the previous adjustments. Nonetheless, further rate hikes are on cards based on incoming data.
At the December meeting, policymakers observed that they should proceed cautiously given the uncertain environment.
However, the status quo on interest rates might not be warranted as inflation is forecast to take several years to return to the target even with further increases in the cash rate, the minutes showed.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.