RBA’s Bullock: Australian dollar relatively stable, not a concern for policy

  • Focused on brining inflation to target within reasonable timeframe
  • There are risks inflation could return to target more slowly than forecast
  • Will not hesitate to raise rates if there is a material upward revision to inflation outlook
  • Australian dollar is relatively stable in trade-weighted terms, not a policy concern

This is pretty much a continuation of things from Lowe previously, so carry on as you will.

This article was written by Justin Low at www.forexlive.com. Source