RBA Bullock: Upside inflation risks now materializing
RBA Governor Michele Bullock said upside risks to inflation are “materializing” and kept the door open to a further rate increase at the central bank’s policy meeting later this month, per parliamentary testimony.
Reserve Bank of Australia Gov. Michele Bullock said the central bank is keeping open the option of another interest rate increase at its policy meeting later this month. In testimony before parliament, Bullock warned that upside risks to inflation "are materializing," while saying that monetary policy is still restrictive.