Commonwealth Bank’s Head of Australian Economics Gareth Aird says the RBA’s latest meeting minutes indicate the cash rate is “likely to stay on hold for an extended period” in a blow to mortgage holders across the nation.
Commonwealth Bank reacts to latest RBA minutes, predicts near term cash rate cut not in 'the Board’s current thinking’
Members assessed that the risk of inflation not returning to target within a reasonable timeframe had “increased”, the minutes said. He also explained why the bank is sticking with its call for the RBA to start an easing cycle in the fourth quarter of this year. RBA Board members in the August meeting minutes reiterated their strategy was to still bring inflation back to the target band of between two and three per cent.
August Commonwealth Bank Minutes Cash Rate Central Bank Gareth Aird
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