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Reserve Bank of Australia Governor Bullock
Economic Conditions in Post-Pandemic Australia with a Regional Lens. On Tuesday we got the latest decision from the RBA (on hold) and a press conference from Bullock. She, and the Board, are perceived as hawkish. Its doubtful there will be another rate hike, but a cut appears a long way off. Market pricing indicates December.
Added at 11:01pm
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RBA Governor Bullock: Don't expect to be back in 2-3% target range until end of 2025
Reserve Bank of Australia Governor Bullock, in a speech in her home town of Armidale, NSW: • Vigilant to inflation risks, will not hesitate to hike if needed. • Repeats, board judged current rates still meet its inflation mandate. • Don't expect to be back in 2–3% target range until end of 2025. • Won’t hesitate to raise cash rate if needed. • Investment in renewable energy in regions should bring significant economic • benefits. • Renewables needed to mitigate the risks posed by climate change. • Increasing volatility in weather, rising temperatures pose challenges for farmers. Bullock was ... (full story)
Added at 11:03pm
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AUD/USD maintaining its session highs after RBA Governor Bullock hawkish again
Bullock was hawkish earlier on the week: RBA leaves cash rate unchanged at 4.35%, as expected. RBA governor Bullock: Inflation progress has been slow for a year now. RBA governor Bullock: A rate cut is not on the agenda in the near-term. The response to the RBA meeting yesterday is a 25bp rate cut priced for December 2024. And, same again today: RBA Governor Bullock: Don't expect to be back in 2-3% target range until end of 2025 "The most recent inflation reading shows that while inflation is lower than it was a year ago, it is still too high. Inflation in many goods prices has declined but inflation in services ... (full story)
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liberty458 - | Joined Aug 2006 | Status: Member | 577 Comments
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Aussi - Joined Sep 2013 | Status: Member | 4066 Comments
people leave, but this thread will go on for ever
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