Reserve Bank of Australia (RBA) Governor Michele Bullock is speaking at the press conference, following the announcement of the November monetary policy decision on Tuesday.
Reserve Bank of Australia Governor Michele Bullock is speaking at the press conference, following the announcement of the November monetary policy decision on Tuesday. Bullock is responding to questions from the media, as part of a new reporting format for the central bank starting this year. The RBA maintained the benchmark interest rate at 4.35% for the eighth straight meeting earlier this Tuesday. Key quotes Labor market remains tight. Wage growth continue to ease.
The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive. How does the health of the Chinese Economy impact the Australian Dollar? China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar .
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