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The RBA’s decision to lift the cash rate by 0.25 per cent to 4.10 per cent was an “appropriate call” by RBA Governor Phil Lowe, says St George Bank’s Chief Economist Besa Deda.
“Today’s decision is against a backdrop of that monthly inflation report last week that showed inflationary pressures might be a bit sticky,” Ms Deda told Englishheadline Australia.
“I think it was a close call; I think it’s an appropriate call given that inflation is still well above the Reserve Bank’s two to three per cent target band.”
