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RBA sees inflation back within target by end of 2025, soft landing for economy

Por: MarketWatch Business August 04, 2023

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Inflation peaked at an annual rate of more than 8.0% in 2022, but has since eased back to come in at 6.0% on year in the second quarter. “The board’s current assessment is that the risks around the inflation rate are broadly balanced,” the RBA said in its latest statement on monetary policy on Friday. The RBA has toned down its narrative about the economic outlook when compared with its statement three months ago. In May, it warned that... + full article



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