Speech by Michele Bullock, RBAGovernor:
- Economic Conditions in Post-Pandemic Australia with a Regional Lens
On Tuesday we got the latest decision from the RBA (on hold) and a press conference from Bullock. She, and the Board, are perceived as hawkish. Its doubtful there will be another rate hike, but a cut appears a long way off. Market pricing indicates December.
- RBA leaves cash rate unchanged at 4.35%, as expected
- RBA governor Bullock: Inflation progress has been slow for a year now
- RBA governor Bullock: A rate cut is not on the agenda in the near-term
- The response to the RBA meeting yesterday is a 25bp rate cut priced for December 2024
This article was written by Eamonn Sheridan at www.forexlive.com.
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