RBA governor Bullock: We expect inflation to increase further in the near-term

June 4, 2026
-FXnews

Inflation is still too high
Will do what is considered necessary to achieve our mandate
Having raised the cash rate three times, monetary policy is well placed to respond to developments
We’ve already seen some signs that this tightening is starting to work
Although, it will take around 1-2 years for the effects to fully flow through to the economy
Flow of data and developments since May have not been materially different to our expectations
Will carefully monitor conditions to assess how the combined effect of higher rates and energy shock play out

Her comments here are not anything that really stand out. It mainly reaffirms the current stance by the central bank, which reflects a bit of a pause for the time being

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