RBA Bullock says rates are restrictive enough, staying there until confident on inflation

Reserve Bank of Australia Governor Bullock

  • bond markets pretty well behaved globally
  • bond markets reflecting increasing government debt
  • think we are restrictive enough, will stay there until confident on inflation

More:

  • recent inflation had both supply- and deand-sdie components
  • aim is to lower inflation
  • prices not going back to pre-covid level, that would be deflation and not going to have that

This article was written by Eamonn Sheridan at www.forexlive.com. Source