RBA Board Discussed Conditions in Which Rate Rise May Be Needed

Australia’s central bank board discussed the circumstances under which it would have to pivot to interest-rate hikes in 2026 as inflation risks shift to the upside, while reiterating that any future moves will hinge on economic data, minutes of its Dec. 8-9 meeting showed.

The Reserve Bank left its cash rate at 3.6% two weeks ago and noted that there were “uncertainties” about the economic outlook and the extent to which monetary policy remains restrictive, according to the minutes of the board meeting released in Sydney on Tuesday.