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  • Bullock: The Costs of High Inflation

    From rba.gov.au

    I am very pleased to be here at the Anika Foundation fundraising luncheon. It is a tradition for the Governor of the Reserve Bank to give this annual address and I am very happy to continue it. As you know, the Foundation supports research into adolescent depression and suicide, a widespread issue and I suspect one that many of us in this room have been touched by. I am therefore very pleased to be speaking at an event in support of such an important cause. The monetary policy environment I want to start by explaining the Board’s most recent policy decision and summarising our central outlook for the Australian ... (full story)

Added at 11:09pm

  • RBA's Bullock says as of now Board doesn't expect to cut rates in near term

    From forexlive.com

    Reserve Bank of Australia Governor Bullock addressing The Anika Foundation, Sydney on “The Costs of High Inflation”. • It is premature to be thinking about rate cuts. • As of now, the board does not expect to be in a position to cut rates in the near term. • Our highest priority has been and remains to bring inflation down. • The board remains vigilant to upside risks to inflation. • Our full employment goal is not served by letting inflation stay above target indefinitely. • There is substantial uncertainty around the central outlook, with risks on both sides. • If circumstances change, the board ... (full story)

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