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ICYMI - RBA Dep Gov Bullock spoke Wednesday - says April pause not driven by bank stress

Reserve Bank of Australia Deputy Governor Michele Bullock spoke yesterday.The main message of note from her was that the RBA 'on hold' interest-rate hike pause at the April meeting was about job preservation and policy lags — rather than a response to banking turmoil.We would have paused on rates even without global banking stress. Rates are in restrictive territory, we can stop for a minute and watch. Want to get inflation down and keep progress made on employment. No sign domestic banks are... Read More

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Posted: Apr 12 2023, 23:10

Author Name: forexlive

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