RBA Bullock says did not want to be late to easing

Reserve Bank of Australia Governor Bullock.

• Wage data came in as expected, labour market still strong.
• Still have a tight labour market, think it’s a little too tight.
• Board did not want to be late in easing.
• Board aware of long and variable lags for policy.

Earlier:

• RBA Gov Bullock wary that cutting rates too quickly could lead to inflation above midpoint
• RBA Gov Bullock says the Bank aiming for the mid-point of the 2-3% inflation target band

Michelle Bullock, RBA Governor;

• Andrew Hauser, Deputy Governor;
• Sarah Hunter, Assistant Governor (Economic);
• and Brad Jones, Assistant Governor (Financial System)

are all appearing before the Australian parliament’s House of Representatives Standing Committee on Economics

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