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Australia’s central bank nears inflation target, with balanced risks and steady economic activity.
Assistant Governor Sarah Hunter of the Reserve Bank of Australia said the central bank is close to meeting its inflation target, with risks now balanced.
She emphasized that monetary policy takes time to affect the economy, requiring a forward-looking approach.
Household spending and consumption have improved, and the RBA is closely monitoring consumer demand to maintain economic activity near full employment.
While the July CPI was influenced by rebate timing, core inflation remains in line with forecasts.
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El banco central de Australia se acerca a la meta de inflación, con riesgos equilibrados y una actividad económica estable.