New governor Michele Bullock as well as board had currently sent repeated signals they had been poised to resume rate rises if inflation didn’t slow as anticipated. The RBA continues to be able to hoist fascination fees once more if needed, she said within an accompanying assertion.
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“Even though the financial state is suffering from a duration of under-craze expansion, it has been more powerful than envisioned over the first half with the year,” she claimed. “Situations during the labour current market have eased but they remain limited. Housing costs are continuing to rise across the country.”
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