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RBA Governor Bullock: Must now keep inflation down, well placed to do so

  • Must now keep inflation down, well placed to do so.
  • Board ready to take further action if required.
  • This is a confidence cut in rates.
  • This is the right cut for now, more adjustments are possible.
  • Hearing from businesses that margins are being impacted.
  • On alert for potential market crises.
  • At the moment we are not looking at that.
  • The range of outcomes is quite wide.
  • It was a consensus decision, discussed holding rates or cutting.

more to come…

This article was written by Giuseppe Dellamotta at www.forexlive.com.

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