Monetary policy requires further tightening: RBA

In its quarterly statement on monetary policy the bank adjusted its forecast for underlying inflation to rise to around 3.5 per cent by the end of the year –  due to pressures on capacity that are expected to remain for some time.

“On the current outlook, then, and allowing for the inevitable uncertainties in forecasting, the risk of inflation remaining uncomfortably high for some time is considerable,” the RBA said.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 12 February 2008