RBA April Minutes: An ‘on balance’ pause; May live – ANZ RBA CentralBanks InterestRate Banks
“The two key pieces of information for us in the Minutes of the RBA’s April Board meeting are:
Members recognized the strength of both sets of arguments, but, on balance, agreed that there was a stronger case to pause at this meeting and reassess the need for further tightening at future meetings. Over the coming month, members observed that they would receive another quarterly reading on inflation, additional monthly readings on the labor market, household spending and business conditions, and further information on developments in the global economy and financial markets.
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