Australia's central bank, led by RBA Governor Michele Bullock, is prepared to raise interest rates further if needed to tackle inflation, which remains high at 3.9%. The RBA aims to bring inflation within its 2% to 3% target range by late 2025. Despite the current policy rate of 4.35%, the RBA acknowledges market expectations for potential rate cuts in November and December. #Bullock also discussed regional economic opportunities in renewable energy and the challenges posed by climate change for farmers and communities.
Read the full analysis here: https://www.kvbplus.com/insigh...
#KVB# #Todayanalysis# #analysis# #australian# #AustraliaRecessionOver# #RBA# #RBAratedecision# #StockMarket# #StockExchange# #InterestRate#
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now