RBA Jones: Fincl Stability, MonPol Implementation Among Key Drawb...

--RBA remains of view retail CBDC challenges outweigh benefits
--But will continue to examine issues related to retail CBDC
--Principal focus now is wholesale CBDC, other digital money forms

By Sophia Rodrigues

(S...

RBA Hunter: Journey Towards Full Employment Uncertain

--Labor mkt operating above full employment but better balance since late 2022
--We are still on steeper part of Beveridge curve
--Key uncertainty is limited further easing in average hours, underemployment rate
--Central fore...

RBA Bullock: Highest Priority Has Been and Remains to Bring Infla...

--Our highest priority has been and remains to bring inflation down
--Crucial to remember full employment goal is not served by above target indefinitely
--Board seeking to balance reducing inflation in reasonable timeframe with main...

RBA August Minutes: Hold And Extended Hold Sufficient to Return I...

--Risk of inflation not returning to target band by late-2025 has materially increased
--Risk of inflation not returning to target within reasonable timeframe had increased
--Rate hike would have been appropriate if risk of inflation...

RBA Hauser: If Unemployment Rises Faster, Inflation Return to Mid...

--Higher Unemployment Vs Forecast More Than Offset Inflation Persistence
--If unemployment rate rises faster, inflation will be back to midpoint target more rapidly
--Key question in run-up to Aug decision: why CPI so unexpectedly pe...

RBA Bullock: Will Not Hesitate To Raise Rates If Needed

--Board explicitly considered whether another rate rise was required
--Vigilant to upside inflation risks; will not hesitate to raise rates if needed
 

By Sophia Rodrigues

(Sydney, August 8, 2024) – The...