💥💥 Gasp! RBA's Totally Expected Revelations 🤯 - Must Watch Now! 📺
Автор: Walk The World
Загружено: 2024-08-16
Просмотров: 2071
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On Friday RBA Governor Michelle Bullock and her New Look team were questioned by the House Economics Committee in Canberra actually for most of the morning. And I watched it all so you don't have to!
There was actually very little new news. Money markets and economists still reckon the RBA's next move will be a cut though they're split on the timing. Some believe a hike cannot be ruled out.
The RBA has kept its policy rate steady since last November and remains in data dependent mode with its forecast showing inflation will only fall back within the 2 to 3 percent target next year.
Bullock has expressed a willingness to be patient as she seeks to slow inflation without choking off economic growth. We have been trying to balance bringing inflation back down over a reasonable timeframe without inflicting unnecessary damage on the labour market she said on Friday.
And the board's judgment to date has been that policy is currently sufficiently restrictive to do that. But of course, Inflation is proving persistent...
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