ASX LIVE: Australian seesaws ahead of RBA meeting; Nuix wins in Federal Court; Macquarie gains on result

Here is the RBA February 7 policy meeting statement:

In Australia, CPI inflation over the year to the December quarter was 7.8 per cent, the highest since 1990. In underlying terms, inflation was 6.9 per cent, which was higher than expected. Global factors explain much of this high inflation, but strong domestic demand is adding to the inflationary pressures in a number of areas of the economy.

The labour market remains very tight. The unemployment rate has been steady at around 3½ per cent over recent months, the lowest rate since 1974. Job vacancies and job ads are both at very high levels, but have declined a little recently. Many firms continue to experience difficulty hiring workers, although some report a recent easing in labour shortages. As economic growth slows, unemployment is expected to increase.

Source: Digital Coin News (digitalcoinnews.net)

These group of cronies earn huge salaries.. and screw up the poor !!

Phillip Lowe is an incompetent fool- his hubris will cost thousands of hardworking Australians their homes. He must be sacked now billshortenmp AlboMP sacklowe

This shows complete and utter incompetence on their part.

Your “Values based Capitalism” is a joke JEChalmers how can you seek to have influence over the big corporations when you have no influence over the RBA?

The RBA just bankrupted mor Australian's and threw more out of their homes and apartments onto the streets. Congratulation Team RBA, who don't give a shit.

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