Hawkish RBA governor should brace for storms ahead

Michele Bullock warns that further rate hikes may be necessary. (Image: Reserve Bank of Australia)

Fri, 09 Aug 2024

By James GlynnMichele Bullock, Governor of the Reserve Bank of Australia, spoke to a community group in her hometown this week about the economic outlook, while sending out warnings to anybody who would listen that a further rate increase remains a possibility.The hawkish position has attracted the ire of many in the financial markets who, prior to her remarks, were growing comfortable with the idea that the RBA was on a trajectory to cut the official cash rate before the end of this year, taking its foot off the neck of the Australian economy,...

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