Reserve Bank of Australia Governor Bullock is giving testimony before the Australian Parliament's House of Representatives Standing Committee on Economics.
From the Q&A:
- Inflation doesn’t need to be in 2-3% band for us to think about rate cuts
- If consumption slows more quickly than expected will be opportunity to cut rates
- We considered range of policy scenarios at February meeting
Earlier:
- RBA Bullock: Recent inflation developments are encouraging, some way to go to meet target
- Reserve Bank of Australia Governor Bullock speaks - live link
more to come
