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By Ambar Warrick
Investing.com--The Reserve Bank of Australia had considered raising interest rates by 50 basis points during its February meeting, the minutes of the bankâs meeting showed on Tuesday, as it struggled to bring down inflation from overheated levels.
The bank had eventually settled on a 25 basis point (bps) hike, raising rates to 3.35 bps. The minutes showed that members of the Reserve Bank Board saw uncertainty around the near-term economic outlook, and that regular meeting...
>>> Read more: RBA considered 50 bps hike in February meeting, minutes show
Investing.com--The Reserve Bank of Australia had considered raising interest rates by 50 basis points during its February meeting, the minutes of the bankâs meeting showed on Tuesday, as it struggled to bring down inflation from overheated levels.
The bank had eventually settled on a 25 basis point (bps) hike, raising rates to 3.35 bps. The minutes showed that members of the Reserve Bank Board saw uncertainty around the near-term economic outlook, and that regular meeting...
>>> Read more: RBA considered 50 bps hike in February meeting, minutes show
