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AUD/USD Nudges Higher – RBA Leaves Policy Untouched, Discussed Hiking Rates

June 18, 2024

Via: DailyFX

The Reserve Bank of Australia (RBA) left all monetary settings unchanged earlier today, but warned that ‘the economic outlook remains uncertain and recent data have demonstrated that the process of returning inflation to target is unlikely to be smooth.’ RBA governor Michele Bullock later said that the central bank ‘needs a lot to go our way to bring inflation back to range’ and that the board had discussed the case for a rate hike at today’s meeting.

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