RBA Governor Michele Bullock on Policy, Inflation Risks, and Supply Shocks
What happened
Reserve Bank of Australia Governor Michele Bullock stated that supply shocks are difficult for monetary policy to manage. She added that policy must address second-round effects on inflation. Bullock also noted materializing upside inflation risks and a view that the neutral rate has risen.
From investinglive.com
Why it matters
These remarks reinforce a hawkish stance previously taken by Bullock. They signal continued attention to inflation persistence, which is relevant ahead of the RBA's September 28-29 meeting.
From investinglive.com
Who's involved
- Michele BullockGovernor of the Reserve Bank of Australia
- Reserve Bank of AustraliaCentral bank of Australia
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Commonwealth BankSpeculative
The Commonwealth Bank could feel the impact of hawkish policy signals through higher interest rates.
- AussieSpeculative
Aussie may experience increased borrowing costs due to hawkish policy signals.
How it developed
Newest first. Tap a step to see who reported it.- Commonwealth Bank and Michele Bullock discuss the productivity outlook driven by AI in Australia.Sub-event
Michele Bullock discusses policy regarding Australian economic outlook.1 source
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The entities involved
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Michele Bullock
Governor of the Reserve Bank of Australia
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Reserve Bank of New Zealand
central bank of New Zealand
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