The increasing cost of petrol could complicate the Reserve Bank's attempts to get inflation down, according to minutes of the September RBA board meeting. Judo Bank's Chief Economic Advisor Warren Hogan has told The Business' Kirsten Aiken that there is a high probability the cash rate could be increased on Melbourne Cup Day. The minutes also show a deepening concern about China where conditions in the property market have deteriorated. It was Philip Lowe's final meeting as Reserve Bank governor. Michele Bullock is now running the central bank.
Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2023-09-19/reserve-bank-inflation-cashrate-board-minutes-september-2023/102873402
ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation.
For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1
Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook: http://facebook.com/abcnews.au
Follow ABC News on Instagram: http://instagram.com/abcnews_au
Follow ABC News on Twitter: http://twitter.com/abcnews
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia
Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2023-09-19/reserve-bank-inflation-cashrate-board-minutes-september-2023/102873402
ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation.
For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1
Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook: http://facebook.com/abcnews.au
Follow ABC News on Instagram: http://instagram.com/abcnews_au
Follow ABC News on Twitter: http://twitter.com/abcnews
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia
- Category
- News and politics
- Tags
- Australia, abc, abc news
Comments