経済的な 低迷 恐れるs gave Reserve Bank 推論する/理由 for pause

The 脅し of a 詐欺師 経済的な 減産/沈滞 and 職業 losses played into the Reserve Bank's 決定/判定勝ち(する) to keep 利益/興味 率s on 持つ/拘留する.

The minutes from the RBA board's July 会合 含む/封じ込めるd few surprises, with the board again 重さを計るing a 25 basis point 引き上げ(る) against pausing 率s.

It 最終的に landed on a second pause in the 引き上げ(る)ing cycle, leaving the cash 率 不変の at 4.1 per cent.

The 文書 強調d the lag between 利益/興味 率 movements and the 衝撃 on borrowers and other sections of the economy, as a 重要な 推論する/理由 for keeping 利益/興味 率s 安定した.

The board also discussed the 可能性 of the economy slowing more than 推定する/予想するd, with "かなりの 不確定" still hanging over the 世帯 部門.

Higher 利益/興味 率s on deposit accounts could 重さを計る on spending by encouraging saving.

The 衝撃 of インフレーション, 税金 支払い(額)s and mortgage 支払い(額)s on 世帯 使い捨てできる incomes was also raised.

Mortgage 利益/興味 支払い(額)s reached a "historical 頂点(に達する)" of 9.4 per cent of 世帯 使い捨てできる income in May, with the expiry of low 直す/買収する,八百長をするd-率 貸付金s 推定する/予想するd to continue 押し進めるing these numbers up.

If 消費 slows much more than 予測(する) already, the minutes said 需要・要求する for 労働 would slow and the 失業率 would be likely to rise beyond the 率 要求するd to 確実にする インフレーション returns to 的 in a reasonable timeframe.

In support of another 引き上げ(る) in July, the board members 公式文書,認めるd インフレーション was still very high, 特に services, energy and rents インフレーション, and the 職業s market was remarkably strong.

"The 事例/患者 to 増加する the cash 率 その上の was centred on the 観察s that inflatio n was 予測(する) to remain above 的 for an 延長するd period and there was a 危険 that this timeframe would be 延長するd without その上の 通貨の 政策 強化するing," the minutes said.

The board left the 可能性 of more 引き上げ(る)s on the (米)棚上げする/(英)提議する, with the RBA keeping its 言及/関連 to その上の 強化するing if needed.

CommSec 経済学者 Craig James said circumstances were leaning in favour of one more 引き上げ(る), with 近づいている 職業s data to 料金d into the board's next call along with the June 4半期/4分の1 消費者 price 索引 next week.

"A stronger-than-推定する/予想するd print could 押し進める policymakers into 引き上げ(る)ing 率s again," Mr James said.

The board will also have an updated 始める,決める of staff 予測(する)s about the 明言する/公表する of the economy and the 危険s 押し進めるing it in different directions.

NAB still believes two more 引き上げ(る)s will be needed to return インフレーション to 的, 反して ANZ now 推定する/予想するs the RBA to stay where it is in an 延長するd pause.

Treasurer Jim Chalmers 拒絶する/低下するd to comment on where 率s were 長,率いるing but agreed Australia's インフレーション was 穏健なing in welcome ways.

Speaking on the sidelines of the G20 大蔵大臣s' 会合 in Gandhinagar, India, Dr Chalmers said Australia was 直面するing a very 類似の インフレーション challenge to other countries at the event.

He was 用心深い about 製図/抽選 comparisons between the US and Australia's インフレーション trajectories に引き続いて a softer-than-推定する/予想するd 消費者 price reading out of the world's biggest economy last week.

"The US 頂点(に達する)d earlier than Australia and has been 穏健なing for longer, and so we don't draw any direct comparisons," he told Bloomberg News.

"We hope to see インフレーション 穏健な in the next data, and we 推定する/予想する that it will, but it can't 穏健な 急速な/放蕩な enough - people ar e under 圧力."

He also said the Australian economy would continue to grow, as 予測(する) by both the RBA and 財務省, but really やめる slowly.

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