Stephen Miller delves into the Reserve Bank of Australia’s (RBA) June minutes. He highlights the challenges the RBA faces in curbing inflation, which remains stubbornly high at around 4%. With government policies complicating the RBA’s task and fiscal measures potentially exacerbating inflation, Miller suggests that a policy rate hike is likely when the RBA meets in August. This article provides a comprehensive look at the economic factors influencing the RBA’s decisions and the potential implications for Australia’s financial landscape.

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Stephen Miller

Stephen Miller is GSFM’s market strategist. His expertise in international economic and policy analysis, as well as domestic and global economic and financial market developments, has resulted in him becoming a regular commentator on central banks, rates and inflation.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.