The Reserve Bank of Australia (RBA) is closely monitoring inflation levels, with Governor Michele Bullock warning of potential interest rate hikes if inflation does not align within the target range. Bullock emphasized the importance of controlling inflation for economic growth and households' well-being.
Michele Bullock’s claim the Reserve Bank won’t be ruling out further interest rate rises if inflation does not return to the target range has sparked fear among Australians, with the warning expected to "put a chill down the spine" of mortgage holders. https://t.co/vINnsJMuxN
Reserve Bank governor Michele Bullock warned there could be no economic growth for the start of the year, emphasising the best thing the central bank can do for the economy and all households is to get inflation down. https://t.co/u7amSBiCjM
Australia’s central bank is conscious of the high economic cost of above-target inflation and won’t hesitate to raise interest rates again if needed — though its assessment remains that this may not be required. https://t.co/jPGJa4Ye46
Reserve Bank of Australia Governor pledges to take action if Consumer Price Index fails to align within target range. #RBA #CPI #Australia
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