More from RBA Governor Bullock: Level of demand for goods and services higher than supply

Reserve Bank of Australia Governor Bullock spoke earlier:

• RBA’s Bullock says as of now Board doesn’t expect to cut rates in near term

More now:

• Level
  of demand for goods and services higher than supply
• Need to see results on inflation before lowering rates
• Trying to manage demand down to where it is line with supply
• Trying to manage demand so unemployment does not rise too much
• Interest rate policy is clearly working

• Board
  is not going to focus on one inflation number
• Slightly elevated A$ is positive for inflation fight
• Will be looking closely at Q3 CPI, but there are other indicators
• Need to see inflation slowing in the actual numbers before acting

—

There are a few takes around saying Bullock is flagging the potential for another rate rise.

No, she isn’t. She will never take it completely off the table, but its not a live option right now at all.

This article was written by Eamonn Sheridan at www.forexlive.com.