RBA Governor Bullock says rates high enough, focus on inflation
Investing.com-- Reserve Bank of Australia Governor Michele Bullock said on Thursday that interest rates were restrictive enough, and will remain at current levels until the central bank was confident that inflation was easing.
Bullock’s comments furthered bets that Australian interest rates will not rise any further, following similar messaging by the RBA during its recent meetings. The RBA also signaled that it was not ruling anything in or out with regards to future policy decisions.
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