Governor Michele Bullock explains the Monetary Policy Board's decision to increase the cash rate to 3.85 per cent. Read the full statement here: https://ow.ly/s2CM50Y7Zfs | Reserve Bank of Australia
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The Reserve Bank of Australia governor, Michele Bullock, says a rate rise remains a 'live' possibility at the next board meeting in two weeks, pushing back against market expectations that the central bank would avoid consecutive hikes. Speaking at the AFR Business Summit, she says, 'The board will be actively considering whether it needs to move more quickly ... I would discourage people from assuming we only act once a quarter' | Guardian Australia
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