RBA satisfied with monetary policy

According to the minutes of the December Monetary Policy meeting, released yesterday, the positive outlook for business investment means the current policy setting is appropriate.

The Board kept its overnight cash rate target at 4.75 per cent in December after a surprise increase of 0.25 of a percentage point in November that it called a pre-emptive move to ensure that positive terms of trade shock and any surge in capital expenditure did not fuel inflationary pressures.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 22 December 2010