RBA governor Bullock: We must get on top of inflation now before it gets away from us

• The interest rate increase will help contain inflationary shock
• If second round effects feed through to expectations, then it could require even higher rates
• The cash rate level is now a bit restrictive
• That gives us space to see how the conflict plays out

Q&A session:

• "Wait and watch" is probably the wrong term to describe current stance
• We feel we are now in a position where we've got space to be alert to both sides of the risks to inflation outlook

More to come..

This article was written by Justin Low at investinglive.com.

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