RBA Minutes: Ready to take further tightening steps but not on a pre-set path

Reserve Bank of Australia’s (RBA) August monetary policy meeting’s minutes showed that the “board expects to take further steps in the process of normalizing monetary conditions over the months ahead, but it is not on a pre-set path.”

Additional takeaways

Members noted that inflation was expected to peak later in 2022.

It is seeking to do this in a way that keeps the economy on an even keel.

more to come ....