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Reserve Bank of Australia says rates have not peaked, path to soft landing narrow

Por: CNBC Business February 15, 2023

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The head of the Reserve Bank of Australia (RBA) reiterated on Wednesday that interest rates had not peaked, adding that he was unsure how high they had to go as the central bank, seeking to control inflation, tried to follow a narrow path to a soft landing.Getting there, and avoiding a recession, depended on moderation in wage rises, RBA Governor Philip Lowe told members of parliament.Despite a series of interest rate rises that began in May,... + full article



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