RBA Governor Bullock discusses inflation challenges and monetary policy response ...Middle East

Reserve Bank of Australia Governor Bullock spoke Wednesday evening Australian time:RBA Governor Bullock: Inflation is broad-based, trimmed mean remains too highNational Australia Bank expects another RBA rate hike, at the February 2024 meeting. NAB assess Bullock's remarks yesterday:The Governor explained that “the remaining inflation challenge we are dealing with is increasingly homegrown and demand driven” and “a more substantial monetary policy tightening is the right response to inflation that results from aggregate demand exceeding the economy’s potential to meet that demand”. In the Q&A, Bullock said she expects a new Statement on the Conduct of Monetary Policy (SCMP) may be by the end

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