RBA’s Bullock: Key question is whether tightening already delivered enough
Key question is whether tightening already delivered is enough to slow inflation
Board ready to raise cash rate further if needed
Policy operates with a lag, so full effects of this year's rate increases yet to be felt
Best contribution policy can make is to maintain low, stable inflation
Some further easing in growth of demand likely to be required to bring inflation down
Some further easing in labour market will likely be required
Economy overall has adjusted gradually and broadly as expected
Policy can't address the economy's slow productivity growth
Underlying inflation has evolved as expected, but still too high
Hearing from business that non-labour cost pressures continue to pick up
Housing market has eased by more than we had anticipated
Demand growth appears to be moderating broadly as expected in May baseline forecasts
Remains too early to assess the full economic effects of oil shock
That sounds hawkish to me but there is no movement in AUD.
This article was written by Adam Button at investinglive.com.提供 MainLink:Investinglive RSS Breaking News Feed
