22-07-2025
RBA Saw July Rate Cut as Inconsistent With ‘Cautious' Strategy
Australia's central bank decided that lowering interest rates for a third time in four meetings would not be consistent with its strategy of easing in a 'cautious and gradual' manner, minutes of the July meeting showed.
The Reserve Bank 'observed that it might be prudent to lower interest rates cautiously as the required degree of policy restrictiveness declines,' according to minutes of its July 7-8 board meeting released in Sydney on Tuesday. The case to leave the cash rate at 3.85% was the 'stronger one,'a majority of members concluded.
