The Reserve Bank of Australia has been careful not to lock itself into a set pathway for cash rate decisions in 2023.
The Reserve Bank is keeping its options open going into the new year, minutes from its December meeting show.
The central bank ultimately decided on the 25 basis point lift to the official cash rate in December. At its last meeting in December, the central bank board considered a pause, a 25 basis point hike and a larger 50 basis point lift as possible options.landed on the 25 basis point lift to the official cash rate in DecemberIn the minutes from the December meeting, released on Tuesday, board members again pointed to the lagging effect of rate hikes on economic activity.
"Previous decisions have been between 25bp [basis points] and 50bp only, so officially considering a pause is a significant step, but one moderated by keeping 50bp on the table," he said.
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