Reserve Bank of Australia (RBA) Governor Michele Bullock speaks at the Anika Foundation in Sydney on Thursday. A Q&A session with the audience is expected to follow.
Key quotes
It is premature to think about rate cuts.
So far, the board does not expect to be in a position to cut rates anytime soon.
Our top priority has been and remains to reduce inflation.
The Board remains vigilant regarding the upward risks of inflation.
Our full employment goal is not met by allowing inflation to remain above target indefinitely.
There is substantial uncertainty around the central outlook, with risks on both sides.
If circumstances change, the board will respond accordingly.
The labor market remains relatively tight and is expected to gradually ease.
Labour cost growth is strong, reflecting rising wages and low productivity.
The main drivers of high inflation are housing costs and market services.
CPI rental inflation is likely to remain high for some time.
Market reaction
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.
