Reserve Bank of Australia Governor Bullock is giving testimony before the Australian Parliament’s House of Representatives Standing Committee on Economics.
From the Q&A:
-
Inflation doesn’t need to be in 2-3% band for us to think about
rate cuts - If consumption slows
more quickly than expected will be opportunity to cut rates - We considered range
of policy scenarios at February meeting
Earlier:
- RBA Bullock: Recent inflation developments are encouraging, some way to go to meet target
- Reserve Bank of Australia Governor Bullock speaks – live link
more to come
This article was written by Eamonn Sheridan at www.forexlive.com. Source