RBA to raise rates a modest 25 bps in June, some call for 40 bps – Reuters poll

Two women walk next to the Reserve Bank of Australia headquarters in central Sydney, Australia February 6, 2018. REUTERS/Daniel MunozRegister now for FREE unlimited access to Reuters.comRegisterBENGALURU, June 3 (Reuters) – Australia’s central bank will raise rates by a modest 25 basis points for a second straight meeting in June, still opting to move more slowly than most of its peers in a campaign to bring down soaring inflation, a Reuters poll of economists found.With the economy recovering smartly from the pandemic and inflation at a 20-year high of 5.1%, well above a 2-3% target range, the Reserve Bank of Australia has …
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