RBA Bullock says did not want to be late to easing ...Middle East

Wage data came in as expected, labour market still strong.Still have a tight labour market, think it's a little too tight.Board did not want to be late in easing.Board aware of long and variable lags for policy.

Earlier:

RBA Gov Bullock wary that cutting rates too quickly could lead to inflation above midpointRBA Gov Bullock says the Bank aiming for the mid-point of the 2-3% inflation target band

Andrew Hauser, Deputy Governor;Sarah Hunter, Assistant Governor (Economic);and Brad Jones, Assistant Governor (Financial System)

are all appearing before the Australian parliament's House of Representatives Standing Committee on Economics

This article was written by Eamonn Sheridan at www.forexlive.com.

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