RBA Minutes: Committed to doing what is necessary to ensure inflation returns to target over time

Reserve Bank of Australia’s (RBA) June monetary policy meeting’s minutes showed that board members remained committed to doing what is necessary to ensure that inflation in Australia returns to the target over time.

Additional takeaways

Agreed that further steps would need to be taken to normalize monetary conditions in Australia over the months ahead.

Inflation was expected to increase further, before declining back towards the top of the 2 to 3 percent range in 2023.

more to come ....