The governor of the Bank of the Reserve of Australia (RBA), Michele Bullock, will speak at the Anika Foundation in Sydney on Thursday, with expected public questions.
Key quotes
A measured and gradual approach to the relief of monetary policy is appropriate.
The labor market has only relaxed, the unemployment rate is relatively low.
The increase in unemployment in June was in line with our forecasts, it was not a “shock.”
June data suggest that the labor market moved a little more towards balance.
Advanced indicators do not point to a significant increase in short -term unemployment.
Other labor market measures, such as vacancies, have remained stable.
Reequibrium of the labor market through vacancies, hours worked, voluntary employment changes.
RBA is not pointing to a specific unemployment rate or employment losses.
The underlying inflation of the second quarter may not have decreased as much as expected initially.
We need data that supports the forecast that underlying inflation decreases towards 2.5%.
We want to make sure inflation remains low and stable from now on.
There is still uncertainty and unpredictability in the global economy.
The probability of a severe “commercial war” seems to have decreased.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
