Today's RBA Statement on Monetary Policy (Feb 2023)

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    Report was released at 11:30 am today.

    The main point for property was right at the end of the report:

    "The Board expects that further increases in interest rates will be needed to ensure that the current period of high inflation is only temporary. In assessing how much further interest rates need to increase, the Board will be paying close attention to developments in the global economy, trends in household spending and the outlook for inflation and the labour market. It remains resolute in its determination to return inflation to target and will do what is necessary to achieve this."
 
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