- RBA Governor Michele Bullock told a parliamentary panel that the central bank must judge whether monetary tightening to date is sufficient to restrain price pressures and bring inflation back to target.
- The Monetary Policy Board meets in just over a week and will assess the flow of incoming data and how inflation risks are unfolding.
- The framing keeps the RBA's next move open: policy is either already restrictive enough or requires further tightening to cool prices.
Quotes
“A key question is whether the tightening in monetary policy to date will be sufficient to bring inflation back to target in a reasonable time.”
“The Monetary Policy Board will meet in just over a week’s time. We’ll discuss our assessment of the flow of data and how the risks are unfolding”