Reserve Bank of Australia Warns of More Rate Hikes in 2023 but Leaves All Options Open

Reserve Bank of Australia Warns of More Rate Hikes in 2023 but Leaves All Options Open
Shoppers walk around Pitt Street Mall in Sydney, Australia, on June 7, 2022. Brendon Thorne/Getty Images
Alfred Bui
Updated:

The Reserve Bank of Australia (RBA) has stated it will put a range of interest rate decisions on the table in 2023 while warning Australians of more potential rate hikes as the economic outlook remains uncertain.

The newly released RBA’s meeting minutes revealed that the central bank put forward three interest rate options for December: a pause, a 0.25 percent increase, and a larger 0.5 percent lift.

Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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