Reserve Bank of Australia Governor Bullock is speaking as part of a panel on “Inflation, Financial Stability and Employment”.
Also on the panel are Bank of England Deputy Governor Ramsden and Bank of Spain´s governor / ECB monetary policy maker de Cos.
Bullock says the RBA has to be a little bit careful when using high interest rates to attack inflation without lifting the unemployment rate:
- high employment is helping people to pay expensive mortgages
- says Australia inflation path is similar to overseas
- says again she expects inflation to decline to just under 3% in 2025
- but notes uncertainty on inflation’s path
AUD is at its highest since August:
![aud rba bullock inflation 28 November 2023](https://images.forexlive.com/images/aud%20rba%20bullock%20inflation%2028%20November%202023_id_afe1c7ea-0776-4681-8fdf-faacbb6e2db2_size900.jpg)
This article was written by Eamonn Sheridan at www.forexlive.com. Source