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Outgoing governor Philip Lowe says the RBA needed more time to assess the effects of the 12 interest rate rises delivered since May 2022.
Bonjour, Michele Bullock. Along with other Aussies who need rate relief, I hope I’ll be able to sing your praises one day.
The lower-than-expected inflation reading for the June quarter has led two major bank economists to predict another hold in the RBA’s monetary policy decision in August.
The Australian and New Zealand dollars edged higher on Thursday as a well-flagged rise in U.S. rates proved anticlimactic, though policy meetings in Europe and Japan still posed risks. ...
Michele Bullock faces a slow economy and the job of overhauling the RBA when she becomes the first woman to head the bank, as economists tip rate cuts in 2024.