The RBA concluded that there was not enough new information from financial markets or economic data to adjust its monetary policy.
The Reserve Bank of Australia revealed in its October meeting minutes that it was considering hiking rates by 25 basis points, but held off due to"not enough new information."
Australia's central bank considered a rate hike of 25 basis points at its monetary policy meeting on Oct. 3, but eventually opted to hold its benchmark lending rate at 4.1%., board members noted that inflation remained well above its target of 2% to 3%, and was"expected to do so for some time."Feeling out of the loop? We'll catch you up on the Chicago news you need to know.
In light of both sides of the argument, the RBA concluded there was not enough new information from financial markets or economic data to adjust its monetary policyA new set of staff forecasts and additional economic data will be released ahead of the next monetary policy meeting on Nov. 3, which will provide the board with more information.
France Dernières Nouvelles, France Actualités
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