RBA governor Bullock: We've not lost confidence on inflation goal ...Middle East

We're gradually gaining more confidenceBut we're not 100% confident, it's very difficult to feel 100% confidentAt the moment, it seems prudent to wait for more data to make sure inflation tracks our forecasts

Probably the toughest question of the Q&A, in terms of trying to draw out a response from her. And I would say she handled that quite well. It is true that they don't quite have a clear idea on how inflation is going to progress from here and if they can still keep significantly cutting rates in the months ahead. Then again, that is also the case with most major central banks at this stage amid the risks from Trump tariffs.

This article was written by Justin Low at www.forexlive.com.

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