Australia's central bank, the Reserve Bank of Australia (RBA), will not hesitate to raise interest rates further if there is a material upgrade to its inflation outlook, according to the new RBA Governor Michele Bullock. Bullock made this statement during her speech on monetary policy. The RBA's decision comes after Australia's inflation rate rose 1.2% in the September quarter, boosted by higher fuel prices. The faster-than-expected inflation rate has bolstered the case for the RBA to raise interest rates next month.
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(New from me): RBA governor says inflation bump no surprise but won’t say whether rates will rise https://t.co/lJXjpmavmz
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Australia’s inflation report came in “pretty much where we thought,” Reserve Bank Governor Michele Bullock said, sending government bond yields and the currency sliding https://t.co/fy8RtTUH8t
Australia's surprisingly strong Q3 inflation raises odds of Nov rate hike https://t.co/HKZBRQXMi0 https://t.co/vaGmocF1kj
Australia’s inflation rate came in faster than expected in the three months through September, bolstering the case for the central bank to raise interest rates next month https://t.co/KkXWgZkHGI
Australia’s inflation rate came in faster than expected in the three months through September, bolstering the case for the central bank to raise interest rates next month https://t.co/5aNydBoIQp
(New from me): Australia’s inflation rate rose 1.2% in September quarter boosted by higher fuel prices https://t.co/ru0c8qSVog
🔴 RBA'S GOV. BULLOCK: REAL HOUSEHOLD DISPOSABLE INCOMES HAVE TAKEN A BIG HIT.
🔴 RBA'S GOV. BULLOCK: HOUSEHOLD BALANCE SHEETS IN AGGREGATE IS STILL ROBUST.
🔴 RBA'S GOV. BULLOCK: THERE IS UNCERTAINTY ABOUT THE GLOBAL TRADE IMPACT OF THE ISRAEL WAR.
🔴 WATCH LIVE: RBA'S GOV. BULLOCK SPEAKS https://t.co/7GcfrYtBTZ
🔴 RBA'S GOV. BULLOCK: THERE IS A GREAT DEAL OF GLOBAL UNCERTAINTY.
Australia’s central bank “will not hesitate” to raise interest rates further if there’s a material upgrade to its inflation outlook, new Governor Michele Bullock says https://t.co/bCVfQDjAWD
Australia’s central bank “will not hesitate” to raise interest rates further if there’s a material upgrade to its inflation outlook, new Governor Michele Bullock says https://t.co/QHpQSIykWR
🔴 RBA'S GOV. BULLOCK SPEECH ON MONETARY POLICY https://t.co/hxFyrXoOAt
🔴 RBA'S GOV. BULLOCK: THE RBA IS MINDFUL OF POLICY LAGS AND THAT CONSUMPTION AND INFLATION HAVE SLOWED.
🔴 RBA'S GOV. BULLOCK: THE BOARD WILL GET MORE INFORMATION BEFORE ITS NOVEMBER MEETING, INCLUDING UPDATED FORECASTS.
🔴 RBA'S GOV. BULLOCK: THE RBA IS ALSO SEEKING TO MAINTAIN DUAL MANDATE OF FULL EMPLOYMENT.
🔴 RBA'S GOV. BULLOCK: THE AUSSIE DOLLAR IS RELATIVELY STABLE IN TRADE WEIGHTED TERMS, AND ISN'T A CONCERN FOR POLICY.
(New from me): Michele Bullock rules out linking interest rates to employment in first major speech as governor of the RBA https://t.co/6E47WKTujn
🔴 RBA'S GOVERNOR BULLOCK: WE WILL NOT HESITATE TO RAISE RATES IF THERE IS A MATERIAL UPWARD REVISION TO INFLATION OUTLOOK.
⚠️ AUSTRALIA CENTRAL BANK SEES RISKS ON INFLATION, WILL NOT HESITATE ON RATES Full Story → https://t.co/rRDwhIxQ3p
🔴 RBA'S GOVERNOR BULLOCK: THERE ARE RISKS THAT INFLATION COULD RETURN TO TARGET MORE SLOWLY THAN EXPECTED.
🔴 RBA'S GOVERNOR BULLOCK: IT'S POSSIBLE THAT THIS CAN BE DONE WITH THE CASH RATE AT ITS CURRENT LEVEL.
🔴 RBA'S BULLOCK: WE'RE FOCUSED ON BRINGING INFLATION TO TARGET WITHIN A REASONABLE TIMEFRAME.
🔴 RBA'S BULLOCK: IT'S UNWISE FOR THE RBA TO SPECIFY A NUMBER FOR FULL EMPLOYMENT.
🔴 RBA'S BULLOCK: RBA WON'T HESITATE TO HIKE IF CPI OUTLOOK IS RAISED MARKEDLY.
🔴 RBA'S BULLOCK: RBA ASSESSMENT OF FULL EMPLOYMENT HAS LOTS OF JUDGMENT.