SYDNEY, March 20 (Reuters) - A top Australian central
banker on Monday said stress in the global banking system was
mainly confined to a small number of poorly managed banks and
was just one of many considerations for domestic monetary
policy.
Asked whether the stress argued for a pause in rate rises,
Reserve Bank of Australia (RBA) Assistant Governor Christopher
Kent said the Board would consider financial conditions at its
next policy meeting in April, but that was just one of many
factors.
The central bank has said higher rates would likely be
needed to bring inflation down, but markets are wagering the
strains in global banking mean the RBA's 10-month tightening
campaign is essentially over.
(Reporting by Wayne Cole in Sydney
Editing by Matthew Lewis)
Messaging: wayne.cole.thomsonreuters.com@reuters.net))
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