RBA Governor Bullock’s uncertainty on inflation and interest rates | Forexlive

Reserve Bank of Australia Governor Bullock is speaking as part of a panel on “Inflation, Financial Stability and Employment”.

Also on the panel are Bank of England Deputy Governor Ramsden and Bank of Spain´s governor / ECB monetary policy maker de Cos.

Bullock says the RBA has to be a little bit careful when using high interest rates to attack inflation without lifting the unemployment rate:

• high employment is helping people to pay expensive mortgages
• says Australia inflation path is similar to overseas
• says again she expects inflation to decline to just under 3% in 2025
• but notes uncertainty on inflation’s path

AUD is at its highest since August:

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• Source: https://www.forexlive.com/centralbank/rba-governor-bullocks-uncertainty-on-inflation-and-interest-rates-20231128/