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Why the market thinks Michele Bullock is bluffing on rate hikes
Key takeaways
- On Tuesday Michele Bullock announced that the interest rate will remain at 4.35 per cent rate.
- After the RBA board decided, for the first time this year, not to use its principal tool, the board and its spokesperson-in-chief chose to put this secondary tool to good use.
- It started with the post-meeting statement.
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On Tuesday Michele Bullock announced that the interest rate will remain at 4.35 per cent rate. (ABC News: Dan Irvine)
Link copied Share Share article Reserve Bank governor Michele Bullock is fond of saying that hiking the interest rate is only tool the RBA has to get inflation down.
After the RBA board decided, for the first time this year, not to use its principal tool, the board and its spokesperson-in-chief chose to put this secondary tool to good use.
Article preview — originally published by ABC Australia. Full story at the source.
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