RBA Governor Bullock: Inflation Watch Continues Amidst Cautious Stance

In the latest meeting of the Reserve Bank of Australia (RBA), Governor Philip Bullock emphasized continued monetary tightening measures without discussing a reduction in interest rates. Bullock highlighted that inflation remains high and there are positive risks to this indicator. While acknowledging that subdued economic growth is necessary for reducing inflation, he noted that the RBA is prepared to raise rates again if needed. Discussions around rate hikes showed a cautious but vigilant stance towards the current economic environment. Bullock reiterated that the RBA has already increased interest rates three times and that monetary policy is now restrictive and tight. In practice, the central bank maintains an observing posture, waiting for more data before making definitive decisions on interest rates. However, with potential global risks such as ongoing conflicts in the Middle East, there is a possibility that further measures will be necessary at some point. No immediate urgency was signaled for such actions.