*(AU) AUSTRALIA RBA JUN MINUTES: JUDGED FINANCIAL CONDITIONS WERE NOW 'SOMEWHAT RESTRICTIVE'
Affirms members agreed that leaving the cash rate target unchanged was appropriate given the ongoing uncertainty related to developments in the Middle East. - - Business debt growth had remained relatively strong over prior months, some of which reflected syndicated lending for the construction of data centres. - - Members discussed the broader implications of the strength in investment in data centres, noting that such spending can be difficult to forecast and that in the United States it had repeatedly surprised analysts. Members noted that, while much investment in data centre requires imported components, it also requires some domestic inputs. They discussed the potential for continued strength in such activity to exacerbate capacity pressures and skills shortages in other parts of the economy. - - Link:
Affirms members agreed that leaving the cash rate target unchanged was appropriate given the ongoing uncertainty related to developments in the Middle East. - - Business debt growth had remained relatively strong over prior months, some of which reflected syndicated lending for the construction of data centres. - - Members discussed the broader implications of the strength in investment in data centres, noting that such spending can be difficult to forecast and that in the United States it had repeatedly surprised analysts.
Members noted that, while much investment in data centre requires imported components, it also requires some domestic inputs.
They discussed the potential for continued strength in such activity to exacerbate capacity pressures and skills shortages in other parts of the economy. - - Link: