RBA contemplated larger cash rate hike

By Colin Brinsden, Aap Economics and Business Correspondent
Updated May 17 2022 - 5:41am, first published 5:34am
The RBA saw a risk of inflation pressure building if it waited to raise the cash rate.

The minutes of the Reserve Bank of Australia's May board meeting have indicated it is prepared to raise the cash rate by larger increments to tame inflation if needed.

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