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RBA is a strong indication of changes in economic forecasts

According to Sky News business editor Ross Greenwood, the Reserve Bank of Australia is the first to strongly suggest changing its economic forecasts when making interest rate decisions next Tuesday.

When submitting evidence to the Senate on Thursday, RBA Deputy Governor Guy Debel indicated that there could be a review of economic forecasts. This could be a Lithomas test to see if the central bank would keep interest rates as low as possible until 2023. ..

Inflation is “increasing, increasing,” Debel said, with the idea that “a little more inflation is welcome, but more inflation is not.”

“As with other central banks around the world, the monetary policy settings we are implementing aim to generate slightly higher inflation than in the last five or six years,” Debel said. Said.

RBA is a strong indication of changes in economic forecasts

Source link RBA is a strong indication of changes in economic forecasts

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