Reserve Bank of Australia Governor Bullock speaking at a payments event:
Comments on her policy outlook:
- Don't think we are falling behind in inflation fight
- We're taking a cautious approach and continue to watch data
Bullokc says the Bank is taking that cautious approach on lifting rates to preserve the gains on employment. And that the Bank is keen that inflation expectations don’t get “out of control".
---
The Bank left its cash rate unchanged at 4.35% at the December 5 meeting.
The next official quarterly inflation data is due on January 31 2024 and that will inform the next rate decision. The next RBA meeting is on February 5 and 6. That meeting is ‘live’ at present.
