Reserve Bank of Australia Governor Bullock testimony to parliament
Senate committee
Comments:
premature to assess impact of US election outcometoo early to assess tariff implicationsmonitoring global developments, prepared to move accordinglyRBA will respond as needed to geopolitical risksChina’s stimulus plans are a positive for China and AustraliaAustralia’s domestic inflation outlook is unchanged as yetgovernment cost of living relief halps at the margin with inflation challenge
Christopher Kent, Assistant Governor (Financial Markets) speaking also:
There are higher US deficits in prospect, along with higher rates and higher inflation than otherwiselarge tariffs on China could have an adverse impact on Australian exports
Reserve Bank of Australia Governor Bullock
This article was written by Eamonn Sheridan at www.forexlive.com.
