November 28, 2024 at 08:56AM
Policy will need to remain restrictive until there is more confidence on inflation
There is still some way to go in returning inflation sustainably to target band
Our forecasts suggest a sustainable return to target will occur in 2026
The board will reconsider policy approach as more data comes to hand
Nothing new there from Bullock as she reaffirms that the RBA are not yet ready to cut rates just yet.
This article was written by Justin Low at www.forexlive.com.
RBA’s Bullock: Underlying inflation is still too high to consider a near-term rate cut