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Statement by Philip Lowe, Governor: Monetary Policy Decision – March 2023
By upwealth
In
Economic Update
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.60 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points to 3.50 per cent. Global inflation remains very high. In headline terms it is moderating, although services price inflation remains elevated in many economies. It will…