Australia 17th of the Central Bank's monetary policy meeting minutes for May showed that, if inflationary pressures continued to enlarge, Australia's Central Bank may consider raising rates in the near future.
according to the participants to judge, if economic conditions continue to follow the expected evolution, the Central Bank is likely to raise interest rates when the inflation reaches a certain level, so that inflation control in the 2% of the year medium-term inflation target range.
however, the meeting records show that, when in judging whether to raise interest rates, Australian in future sessions of the Central Bank needs to carefully assess the situation of economic growth and inflation.
the Australia Bureau of statistics announced recently that in the first quarter from Australia consumer price index over the same period last year, an increase of 3.3%, 3% higher than economists expected and higher than the Central Bank's medium-term inflation target range. (Fu Yunwei)
