RBA won’t be influenced by Europe and Canada on rate cuts
Michael ReadEconomics correspondent
The Reserve Bank of Australia will not be swayed by interest rate cuts in Canada and Europe, says deputy governor Andrew Hauser, as he warns that high inflation is having “toxic” effects on households and preventing businesses from expanding.
This week, the Bank of Canada and the European Central Bank became the first central banks of major economies to cut interest rates after two years of tight monetary policy.
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