RBA’s Bullock: We need a lot to go our way to bring inflation back to range

  • There was a discussion on whether to hike rates at the meeting
  • But decided to stay the course on policy
  • Wanted to make a point that we are alert to upside risks on inflation
  • Difficult to get a read on inflation with just quarterly data

The aussie is nudging a little higher as Bullock reveals that rate hikes were part of the discussion today.

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