Peter Tulip

Incoming data on wages and prices was lower than expected while unemployment was higher than expected. So I have revised down the recommended path for the cash rate.

However, inflation over the forecast horizon remains too high, so further tightening is still desirable.

Outcome date: 
Friday 01 September 2023
Current rate: 
12 months: 
6 months: 
3 Years: 

Updated:  29 May 2024/Responsible Officer:  Crawford Engagement/Page Contact:  CAMA admin