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RBA Dep Gov Bullock says higher rates are the only tool the RBA has to curb inflation

Reserve Bank of Australia Deputy Governor Bullock speaking, indicating there are further rate hikes to come from the Bank. The comment on 'need to slow demand' is a clear indication. The Bank's tool right now is rate hike, that's how it'll slow demand for goods and services. In her earlier comments she indicated the Bank is comfortable with a higher unemployment rate ... i.e. is happy with a lower demand for labour also.need to slow demand for goods, services, and labourhigher rates are the only... Read More

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Curb

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Posted: Jun 20 2023, 03:45

Author Name: forexlive

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