RBA maintains dovish stance on demand

The minutes of the Reserve Bank of Australia's meeting revealed that the bank is committed to adopting a restrictive monetary policy to counter inflationary pressures, currently maintaining a fixed interest rate while remaining prepared to take more decisive measures if necessary. The minutes emphasized that rising oil prices and the repercussions of the Middle East conflict pose direct threats to price stability and economic growth. Additionally, economic data indicated an overall slowdown in the economy, challenges in the housing market, and strong activity in data centers, which raises risks of demand stiffening.

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