RBA Governor Michele Bullock does not rule out another interest rate hike amid moderating inflation and slowing economy.
RBA Governor Michele Bullock has not ruled out another interest rate hike, as inflation in Australia moderates and the economy slows. Despite economists' varying interpretations of the RBA's policy stance, a consensus expects the bank to begin cutting its 4.35% cash rate later this year. The RBA's cautious approach stems from factors such as Australia's resilient labor market, surging house prices, and strong household wealth.
April 07, 2024
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