Minutes of the RBA’s 28–29 September meeting show a unanimous 25-basis-point increase to 4.60%. Members judged InflationInflation refers to a sustained rise in the general price level that reduces the purchasing power of money. The term belongs in Level 7 because it helps connect macro conditions...Read More risks had increased and said further increases remained possible if required. The minutes were released on 13 October; the rate decision was made in September.
Minutes from the Reserve Bank of Australia’s 28–29 September meeting confirmed a unanimous 25-basis-point interest-rate increase to 4.60%. Policymakers said inflation risks had increased and indicated that further rate hikes could be necessary if price pressures persist, reinforcing expectations that Monetary PolicyMonetary Policy refers to the set of central-bank actions used to influence money, credit, interest rates, and financial conditions. The term belongs in Level 7 because it helps...Read More may remain restrictive.