Reserve Bank declines to try its luck on 13th rate rise


“A pause in the rate rises provides some small relief to workers out there doing it tough. We are still very mindful, however, that workers have fallen way behind.” – ACTU secretary Sally McManus

“The government needs to pull every policy lever at its disposal to take pressure off inflation.” – Shadow treasurer Angus Taylor

“The government and RBA should urgently reach a new agreement on monetary policy that includes a clear commitment to full employment – that is, enough jobs for all who seek them.” – Australian Council of Social Service

“The RBA’s decision to keep rates on hold is welcome, but recent history shows there remains a risk that they will go up again soon … Labor needs to act to make sure the RBA does not raise rates again in the near term.” – Greens senator Nick McKim

“The upside risks to inflation cited last month are still present and we expect to see two more rate hikes in the coming months.” – Oxford Economics Australia’s Sean Langcake

“We think the RBA is now turning less hawkish and expect one final hike in August before the bank goes on hold.” – Barclays

“Key to the August move will be second quarter CPI figures.” – CommSec


Paul Osborne
(Australian Associated Press)


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