The Reserve Bank of Australia held its policy rate at 3.60%, with Governor Michele Bullock signaling that further monetary tightening remains on the table amid persistent inflation concerns, prompting a sharp rise in bond yields and the Australian dollar.
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RBA Governor Discusses Scenarios Where Further Monetary Tightening May Be Needed
The Reserve Bank of Australia held its policy rate at 3.60%, with Governor Michele Bullock signaling that further monetary tightening remains on the table amid persistent inflation concerns, prompting a sharp rise in bond yields and the Australian dollar.
RBA Governor Says Australian Economy Appears to Have Reached Its Potential Growth Limit
RBA Governor Michele Bullock signaled that Australia's economy has likely reached its potential growth limit, with inflation exceeding expectations and further rate cuts now seen as unlikely.
RBA Governor Michele Bullock signaled a cautious approach to monetary easing, stating future rate cuts are uncertain as inflation remains above target, prompting a rise in Australian government bond yields.
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RBA Governor Says Rate Cuts May or May Not Happen Going Forward (Update)
RBA Governor Michele Bullock signaled a cautious approach to monetary easing, stating future rate cuts are uncertain as inflation remains above target, prompting a rise in Australian government bond yields.
Albanese’s salad days are stalked by the spectres of stagflation and soaring bills
As the prime minister saunters down the RAAF VIP airstair on Sunday after another successful overseas trip some…
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RBA governor Bullock says a severe market downturn would raise financial stability concerns
Financial markets, including Australian property and shares, have been pushing record highs for many months. Speaking at an…
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RBA Governor Michele Bullock signaled that services inflation remains entrenched, prompting the central bank to hold rates at 3.60% despite market expectations for further cuts, while the Australian dollar was little changed.
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RBA Governor Says Services Inflation Remains Stubborn
RBA Governor Michele Bullock signaled that services inflation remains entrenched, prompting the central bank to hold rates at 3.60% despite market expectations for further cuts, while the Australian dollar was little changed.
Why is Australia’s central bank holding steady amid inflation worries? Lim Hui Jie reveals the RBA kept rates at 3.6% as underlying inflation slows more gradually than hoped. Despite strong Q2 GDP growth, inflation risks linger, especially in housing and food. This cautious stance reflects uncertainties in the global economy. Full story:
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Australia keeps policy rate steady at 3.6% as inflation worries loom
The Reserve Bank of Australia said the decision to hold rates was due to the decline in underlying inflation slowing.
RBA Governor Says Australian Inflation Has Fallen Significantly—Now Within 2–3% Target Range (Update)
Reserve Bank of Australia Governor Michele Bullock announced that inflation has dropped sharply to within the 2–3% target range, citing strong labor market data and ongoing global uncertainties.
Australian economy beats low expectations with 1.8pc annual growth
The Australian economy grew 0.6 per cent in the June quarter, slightly ahead of economists’ expectations. Australian Bureau…
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