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Showing 21 - 30 of 64 results for "Michele Bullock"

Economist calls for 35bps rate cut

ELIZA BAVIN  |  MONDAY, 17 FEB 2025
... points. "Not cutting would mean a significant blow to credibility in probably the first true test for [RBA] governor Michele Bullock. The RBA has repeatedly reminded Australians that returning inflation to target is the priority and inflation is now ...

Monetary policy to underscore 2025 allocations

ANDREW MCKEAN  |  FRIDAY, 10 JAN 2025
... had at the start of 2024, with interest rates and inflation to dominate once again. Last November, RBA governor Michele Bullock indicated the central bank views its settings as restrictive and intends to keep rates that way for now, holding out for clear ...

Chalmers unveils new-look RBA boards

ELIZA BAVIN  |  MONDAY, 16 DEC 2024
... with the opposition since July." The new boards are scheduled to commence from March 1 next year. RBA governor Michele Bullock welcomed the appointment of the new members to the governance board and monetary policy board. "In particular I extend my gratitude ...

RBA 'paves way' for February rate cut

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2024
... inflation is moving sustainably towards target". At the press conference following the decision, RBA governor Michele Bullock was asked about the sentiment change, and she confirmed that it was an intentional move. "The dovish pivot that observers thought ...

RBA to meet for final 2024 rate decision

ELIZA BAVIN  |  TUESDAY, 10 DEC 2024
... banks having begun a rate cutting cycle. But the RBA has been undeterred from holding rates steady with governor Michele Bullock remaining steadfast that the bank will only act once inflation is "sustainably" within the central bank's target range of ...

Bullock hints at no rate cut in 2025

ELIZA BAVIN  |  FRIDAY, 29 NOV 2024
Reserve Bank of Australia (RBA) governor Michele Bullock has reaffirmed the central bank's stance that interest rates are likely to stay higher for longer as sticky inflation persists. Speaking at a Centre of Economic Development (CEDA) dinner ...

Interest rates to remain on hold for some time

ELIZA BAVIN  |  WEDNESDAY, 6 NOV 2024
... moving sustainably to the middle of our 2-3% target range," the RBA said. Speaking on the decision, RBA governor Michele Bullock urged the government to get its spending under control, insinuating that it was adding to the inflation problem. "It's not ...

Australians living through protracted period of economic misery: CEDA

ANDREW MCKEAN  |  TUESDAY, 24 SEP 2024
... Liam Dillon said this clearly highlights the difficult trade-off facing Reserve Bank of Australia (RBA) governor Michele Bullock. "Inflation remains stubbornly high, despite having moderated since its peaks. It continues to hurt households by forcing ...

RBA lays down the law on interest rates

ELIZA BAVIN  |  FRIDAY, 6 SEP 2024
Reserve Bank of Australia (RBA) governor Michele Bullock has doubled down on keeping interest rates on hold for the remainder of this year, despite market expectations for a cut before Christmas. Speaking at the Anika Foundation Fundraising Lunch, Bullock ...

Economists hit back at RBA guidance

ELIZA BAVIN  |  TUESDAY, 27 AUG 2024
... short-term cutting of interest rates, but the market is pricing in a cut before the end of the year. RBA governor Michele Bullock pushed back against the market pricing, stating it was "premature to be thinking about rate cuts" and a near-term cut "doesn't ...