『Reserve Bank lifts cash rate to 4.60% as inflation stays high』のカバーアート

Reserve Bank lifts cash rate to 4.60% as inflation stays high

Reserve Bank lifts cash rate to 4.60% as inflation stays high

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This piece is freely available to read. Become a paid subscriber today and help keep Mencari News financially afloat so that we can continue to pay our writers for their insight and expertise.The board said the Middle East conflict had broadened, global energy prices were much higher than assumed and recent inflation was stronger than expected.The Reserve Bank of Australia raised the cash rate target by 25 basis points to 4.60 per cent on September 29 because inflation remains elevated, the bank’s Monetary Policy Board said.The board said some of the upside risks it flagged in August were materialising. The Middle East conflict has broadened and global energy prices are much higher than its August forecasts assumed.“The Board remains focused on ensuring that high inflation does not become embedded,” the board said in a statement. The decision was unanimous.The board said the three increases in the cash rate target since the start of the year had tightened financial conditions and the economy appeared to be slowing. But inflation was still too high, and it judged a further tightening was warranted to return inflation to target in a reasonable period.Follow us across all major podcasting platforms and social media channels for updates that matter. Your support keeps independent journalism alive!For more in-depth coverage on these stories and other news affecting Australia and the world, subscribe to readmencari.com. Support our independent journalism by listening to our podcasts on all major platforms and considering a subscription to help us continue delivering fearless reporting free from financial and political influence.Got a News Tip?Contact our editor via Proton Mail encrypted, X Direct Message, LinkedIn, or email. You can securely message him on Signal by using his username, Miko Santos.The Mencari readers receive journalism free of financial and political influence.We set our own news agenda, which is always based on facts rather than billionaire ownership or political pressure.Despite the financial challenges that our industry faces, we have decided to keep our reporting open to the public because we believe that everyone has the right to know the truth about the events that shape their world.Thanks to the unwavering support of our readers, we’re able to keep the news flowing freely. If you’re able, please join us in supporting Mencari.Join over 1000 readers. Sign up here.We’d love it if you could share the email with your friends! Just (copy the URL here. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit theregisterau.substack.com/subscribe
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