Australia’s largest bank has decided to raise interest rates by as much as 50 cents this month because the policy is still very promising and needs to be adjusted to prevent inflation fixed. The minutes of its June 7 Board meeting show the Australian State Bank (RBA) negotiating a 0.35% inflation rate by 25 points or 50 points and selecting the latest one as inflation exceeded expectations.
“Members are aware that both of these options will leave the amount of money less than 1%, which is very likely to be encouraging, and will need to be increased,” the minutes said.”Members also agree that further steps will be taken to rectify the financial situation in Australia in the coming months.”
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