- Analytics
- News and Tools
- Market News
- RBA’s Bullock: Will not hesitate to raise rates if there is a material upward revision to inflation outlook
RBA’s Bullock: Will not hesitate to raise rates if there is a material upward revision to inflation outlook
Reserve Bank of Australia (RBA) Governor Michele Bullock is speaking at the Commonwealth Bank of Australia Global Markets Conference, in Sydney, on Tuesday.
Key quotes
Focused on bringing inflation to target within reasonable timeframe.
Possible that this can be done with the cash rate at its current level.
But there are risks inflation could return to target more slowly than forecast.
Board has low tolerance for allowing inflation to return to target more slowly than forecast.
Board will not hesitate to raise rates if there is a material upward revision to inflation outlook.
Board is mindful of policy lags and that consumption, inflation have slowed.
Board will get more information before its nov meeting, including updated forecasts.
Board is also seeking to maintain dual mandate of full employment.
A$ relatively stable in trade weighted terms, not a concern for policy.
Market reaction
AUD/USD is clinging to the latest gains on RBA Governor Bullock’s comments, trading 0.54% higher on the day at 0.6370.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
