Speech by Michele Bullock, RBAGovernor:Economic Conditions in Post-Pandemic Australia with a Regional Lens Live link hereOn Tuesday we got the latest decision from the RBA (on hold) and a press conference from Bullock. She, and the Board, are perceived as hawkish. Its doubtful there will be another rate hike, but a cut appears a long way off. Market pricing indicates December.RBA leaves cash rate unchanged at 4.35%, as expectedRBA governor Bullock: Inflation progress has been slow for a year nowRBA governor Bullock: A rate cut is not on the agenda in the near-termThe response to the RBA meeting yesterday is a 25bp rate cut priced for December 2024 This article was written by
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