RBA Governor says rate rise could be on the cards as governor says she’s not expecting a recession in Australia.
Australia’s top central banker today has left the door open to a cut in interest rates as early as February but emphasised the flow of economic data would have to give the bank more confidence that inflation was slowing as desired.
Speaking after a policy meeting, Reserve Bank of Australia Governor Michele Bullock noted recent figures on economic growth, consumer demand and wages had been softer than expected, but cautioned that inflation was still elevated.
Bullock will be looking very closely at the data in the coming months and will decide on February 18 any changes depending on how inflation is travelling
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