Minutes of the June interest rate meeting in Australia showed that committee members believed that since the May meeting, multiple data indicated the need to remain vigilant against inflation risks. Further evidence showed that global economic growth had bottomed out at the end of last year and was gradually recovering. However, the committee pointed out that first-quarter economic growth in Australia was very weak, slightly lower than expected, and there was also further evidence that wage growth may have peaked at the end of last year.

The meeting record mentioned that committee members believed that the reason for keeping interest rates unchanged at the previous month's meeting was stronger than raising rates, as the data collected since the May meeting was not sufficient to change the forecast that inflation will return to the target in 2026. However, with the current heightened economic uncertainty, the committee emphasized the need to closely monitor economic data dynamics and stressed that necessary measures will be taken to bring inflation down to the target level.