Reserve Bank of Australia Governor Bullock spoke earlier:
RBA’s Bullock says as of now Board doesn’t expect to cut rates in near term
More now:
Level
of demand for goods and services higher than supplyNeed to see results on inflation before lowering ratesTrying to manage demand down to where it is line with supplyTrying to manage demand so unemployment does not rise too muchInterest rate policy is clearly working
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There are a few takes around saying Bullock is flagging the potential for another rate rise.
No, she isn’t. She will never take it completely off the table, but its not a live option right now at all.
This article was written by Eamonn Sheridan at www.forexlive.com.
