Trick or treat? RBA hints at scary supersized hike or an interest rates pause
The central bank's latest board minutes reveal it came tantalisingly close to raising rates by double the amount they eventually settled on this month, but in the same policy meeting raised the possibility of leaving the official cash rate on hold.
While the RBA reflects on its next move, energy prices threaten to exacerbate its number one enemy, inflation. (Image source: Shutterstock.com)
The Reserve Bank of Australia has left Australian mortgagees guessing what its next interest rates move is likely to be, with the release of their decision-making process covering all bets.
On the one hand, the RBA Minutes on Tuesday (15 November) made it clear they have come perilously close to unleashing a supersized 0.5 per cent hike two weeks ago. At the same time, RBA Governor Philip Lowe and his Board have said they may keep rates on hold …
