The Reserve Bank has left the cash rate on hold at 0.10% for April, but has not ruled out lifting it in the coming months.
The Reserve Bank has left the cash rate on hold at 0.10% for April, but has not ruled out lifting it in the coming months.
Amid a cacophony of cash rate commentary and forecasts, the major banks have pencilled in one or more rate rises in 2022, while others such as AMP have forecast the cash rate to rise as early as June.
Inflation is a bigger talking point in the RBA’s monetary policy statement than previously.
“Inflation has increased sharply in many parts of the world,” RBA Governor Dr Philip Lowe said.
“But it remains lower than in many other countries; in underlying terms, inflation is 2.6% and in headline terms it is 3.5%.
“Higher prices for petrol and other commodities will result in a further lift in inflation over coming quarters, with an updated set of forecasts to be published in May.
“Over coming months, important additional evidence…
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