Loading…
The minutes of the RBA's 7 June 2022 monetary policy meeting show the board discussing persistent global inflation, broadening price pressures and tight labour markets. Members weighed the case for a 50 basis point hike and the outlook for growth.
The minutes signal a continued hawkish path for Australian rates, which supports the AUD and adds to pressure on domestic input costs and downstream livestock and dairy margins.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaJun 7, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
