RBA’s Bullock Says Tough to Make Judgments on Economy at Moment

Australia’s central bank Governor Michele Bullock said judging the economy is “a little bit more difficult” now than in previous periods when it was raising interest rates, reinforcing her cautious policy stance.

In the post-Covid period, when inflation was headed to 8% and interest rates were zero, it was clear policy needed to be tightened quickly, the Reserve Bank chief said during a fireside chat in Melbourne on Wednesday evening.