RBA’s Bullock: More rate cuts possible, but patience needed

At a parliamentary committee hearing today, RBA Governor Michele Bullock explained that this week’s 25bps rate cut was based on better-than-expected inflation data, weaker private demand, and wage growth aligning with forecasts. Also, she acknowledged that the board is mindful of timing, stating, “What’s also playing on the board’s mind is that the board also […]

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