The Reserve Bank of Australia considered raising interest rates in early August, recent meeting minutes showed, amid persistent concerns that persistent inflation will persist for longer.
But the central bank decided to stay the course, keeping the base interest rate unchanged at 4.35%.
Members of the central bank's interest rate-setting committee noted that the risk of inflation failing to hit the RBA's annual target of 2% to 3% by the end of 2025 had "increased significantly", marginally version shows.
But the central bank decided to stay the course, keeping the base interest rate unchanged at 4.35%.
Members of the central bank's interest rate-setting committee noted that the risk of inflation failing to hit the RBA's annual target of 2% to 3% by the end of 2025 had "increased significantly", marginally version shows.
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