RBA’s Bullock Questions Whether Past Tightening Can Tame Inflation
RBA Governor Michele Bullock, speaking in Sydney, said the key question is whether the tightening already delivered is enough to slow inflation.
Speaking at the Anika Foundation Fundraising Lunch in Sydney on Tuesday, Reserve Bank of Australia Governor Michele Bullock raised a critical question about the outlook for monetary policy.
"The key question is whether the tightening already delivered is enough to slow inflation," Bullock stated. The remark highlights the central bank's ongoing assessment of the impact of its rate-hiking cycle.
The RBA has raised interest rates multiple times over recent months in an effort to bring inflation back to target. Bullock's comment suggests the bank is now evaluating whether further increases will be necessary.
Source: FXStreet Forex News