RBA minutes show strong case to pause and reassess need for tightening at future meetings

• Board considered rate hike in April, before deciding to pause
• Agreed that there is a stronger case to pause and reassess the need for tightening
• Assessing data on inflation, jobs, consumer spending and business conditions
• Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term is still too high
• Labour market had loosened a little but is still very tight
• Bank stress causing tighter financial conditions globally, a headwind for the world economy
• Full minutes

It is interesting to note that they did "consider" a rate hike earlier this month but let's be real, actions speak louder than words - especially at this point in the tightening cycle. In case you need a reminder, they also offered up a subtle change to the forward guidance as highlighted at the time here.