The board of the Reserve Bank of Australia has a low tolerance for a slower return of inflation to the 2-3 percent target than expected, the minutes of the monetary policy meeting held on October 3 said Tuesday.
Any further action on interest rates will depend on the incoming data and how these alter the economic outlook and the evolving assessment of risks, the central bank minutes showed.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.