RBA’s Bullock: Australian inflation path similar to overseas

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Reserve Bank of Australia (RBA) Governor Michele Bullock participated in a panel discussion titled “Inflation, Financial Stability and Employment” at the Hong Kong Monetary Authority and Bank for International Settlements High-Level Conference, in Hong Kong, on Tuesday.

Key quotes

The central bank has to be a “little bit careful” with using rates to bring down inflation without lifting unemployment.

High employment helps people to pay their more expensive mortgages.

Australia’s inflation path is similar to overseas.

Market reaction

AUD/USD is keeping its upbeat momentum intact despite the weak Australian Retail Sales data and RBA Governor Bullock’s cautious remarks. At the press time, the pair is trading at 0.6618, up 0.20% on the day.

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• Source: https://www.fxstreet.com/news/rbas-bullock-australian-inflation-path-similar-to-overseas-202311280213