August 16, 2024 at 03:25AM
Bullock spoke earlier saying inflation is still high and persistent and its too early to be thinking about rate cuts:
RBA’s Bullock says underlying inflation remains too high
The RBA left its cash rate unchanged at its meeting on August 5 and 6 and meets again on 23 and 24 September.
AUD has rallied … but then again so has the NZD. EUR, GBP, CAD are all up a little against the USD also. Even the hapless yen!
This article was written by Eamonn Sheridan at www.forexlive.com.
RBA Governor Bullock’s comment that its premature to think about rate cuts helping AUD