RBA minutes at the Mrach meeting revealed a clear bias toward further near-term tightening, as policymakers judged that inflation remains too high and risks have increased following the recent surge in oil prices. Members noted that “inflation remained too high” and that the economy was still operating with “excess demand”, with labour market conditions tightening […]The post RBA Minutes Highlight Excess Demand and Oil Shock as Case for Further Tightening appeared first on ActionForex.