Reserve Bank of Australia Governor Michele Bullock said on Thursday that it’s premature to assess the impact of the US presidential election outcome and tariff implications.
Reserve Bank of Australia GovernorMichele Bullock said on Thursday that it’s premature to assess the impact of the US presidential election outcome and tariff implications. Key quotes Premature to assess the impact of US election outcome. Too early to assess tariff implications. Monitoring global developments, prepared to move accordingly. RBA will respond as needed to geopolitical risks. China's stimulus plans are a positive for China and Australia .
Moderately higher inflation now tends to lead central banks to put up their interest rates, which in turn has the effect of attracting more capital inflows from global investors seeking a lucrative place to keep their money. This increases demand for the local currency, which in the case of Australia is the Aussie Dollar. How does economic data influence the value of the Australian Dollar? Macroeconomic data gauges the health of an economy and can have an impact on the value of its currency.
Centralbanks Australia Macroeconomics
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