# 7 June 2022 | Minutes of the Monetary Policy Meeting of the Board | RBA

> 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.

- Date: 2022-06-07 · published 2022-06-07T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/41204-7-june-2022-minutes-of-the-monetary-policy-meeting-of-the-board-rba
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Sources

- rba.gov.au: https://www.rba.gov.au/monetary-policy/rba-board-minutes/2022/2022-06-07.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.