Policymakers of the Reserve Bank of Australia discussed raising the interest rate by a further quarter point at the September meeting, the minutes of the meeting showed Tuesday.
At the final policy-setting meeting of Philip Lowe as governor, board members considered both lifting the rate by 25 basis points and holding the cash rate target at 4.10 percent.
The case to raise the interest rate was based on the assumption that inflation will remain above the target for a prolonged period and the risk that this period might be extended.
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Business News
August 21, 2026 14:42 ET The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.