Reserve Bank of Australia Governor Bullock.
- Wage data came in as expected, labour market still strong.
- Still have a tight labour market, think it's a little too tight.
- Board did not want to be late in easing.
- Board aware of long and variable lags for policy.
Earlier:
- RBA Gov Bullock wary that cutting rates too quickly could lead to inflation above midpoint
- RBA Gov Bullock says the Bank aiming for the mid-point of the 2-3% inflation target band
Michelle Bullock, RBA Governor;
- Andrew Hauser, Deputy Governor;
- Sarah Hunter, Assistant Governor (Economic);
- and Brad Jones, Assistant Governor (Financial System)
are all appearing before the Australian parliament's House of Representatives Standing Committee on Economics
