| Australia Economy Archive: |
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RBA Minutes
Aug 19, 7:40 AM ET |
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| The recommendation to the Board was to leave the cash rate unchanged at 7.25%. |
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| Board members were briefed on the CPI data for the June quarter 2008. The high quarterly outcome of 1.5% had lifted the year-ended inflation rate to 4.5%. A significant contribution to the CPI had come from the financial services component, which accounted for around 8% of the CPI; this component had risen by more than 10% over the year to the June quarter and had increased by 4% in the quarter itself. |
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RBA Monetary Policy Statement
Aug 11, 9:45 AM ET |
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| Global commodity prices have remained high over recent months, though they have generally come off their peaks. |
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| Inflation in Australia has remained high in the recent period against a background of tight capacity and earlier strong growth in demand. In these circumstances, the Board has been seeking to restrain demand in order to reduce inflation over time. |
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RBA Leaves Rates Unchanged at 7.25%
Aug 05, 9:51 AM ET |
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| At its meeting today, the Board decided to leave the cash rate unchanged at 7.25%. |
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| Inflation in Australia has been high over the past year in an environment of limited spare capacity and earlier strong growth in demand. This was evident again in the most recent CPI data. |
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