RBA Governor Michele Bullock calls for patience as policy decisions become more complex

Governor Michele Bullock says policy judgments are harder as inflation remains high. She urged patience following today's data showing a surprise price rise.

Reserve Bank of Australia Governor Michele Bullock stated today that policy judgments have become increasingly difficult as the Australian economy AUAU sits close to balance while inflation remains high but is not taking off. Speaking as new data highlighted persistent price pressures, Bullock urged patience regarding future policy adjustments, noting that the current economic situation requires a cautious approach.
Governor of the Reserve Bank of Australia Michele Bullock attends the monetary policy decision media conference in Sydney, Australia, April 1, 2025. REUTERS/Hollie Adams
Governor of the Reserve Bank of Australia Michele Bullock attends the monetary policy decision media conference in Sydney, Australia, April 1, 2025. REUTERS/Hollie Adams
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