RBA Minutes: Case to hold was stronger, recent data did not materially alter economic outlook

The Minutes of the Reserve Bank of Australia’s (RBA) September monetary policy meeting, published on Tuesday, highlighted that the board agreed that t

Some further tightening may be required should inflation prove more persistent than expected.Economy still appears to be on narrow path by which inflation returns to target, employment grows.Policy move will be guided by incoming data and assessment of risks.

Scheduled mortgage payment rose to a historical high of 9.7% of household income in July, set to increase further.AUD/USD remains on the back foot near intraday low, trading 0.05% lower on the day at 0.6432, as of writing.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

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