Reserve Bank declines to try its luck on 13th rate rise


β€œA pause in the rate rises provides some small relief to workers out there doing it tough. We are still very mindful, however, that workers have fallen way behind.” – ACTU secretary Sally McManus

β€œThe government needs to pull every policy lever at its disposal to take pressure off inflation.” – Shadow treasurer Angus Taylor

β€œThe government and RBA should urgently reach a new agreement on monetary policy that includes a clear commitment to full employment – that is, enough jobs for all who seek them.” – Australian Council of Social Service

β€œThe RBA’s decision to keep rates on hold is welcome, but recent history shows there remains a risk that they will go up again soon … Labor needs to act to make sure the RBA does not raise rates again in the near term.” – Greens senator Nick McKim

β€œThe upside risks to inflation cited last month are still present and we expect to see two more rate hikes in the coming months.” – Oxford Economics Australia’s Sean Langcake

β€œWe think the RBA is now turning less hawkish and expect one final hike in August before the bank goes on hold.” – Barclays

β€œKey to the August move will be second quarter CPI figures.” – CommSec


Paul Osborne
(Australian Associated Press)


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