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Reserve Bank of Australia Governor Michele Bullock expressed concerns about the economy, expecting Q1 GDP growth to be low and underlying inflation to decrease gradually. Bullock emphasized a data-driven approach and readiness to act on rates based on inflation. The Board is prepared to ease if the economy weakens or inflation remains high.
Despite the flatness of Australia's economy, Reserve Bank Governor Michele Bullock warns it "won’t hesitate” to raise interest rates again if inflation remains unacceptably above expected levels. https://t.co/3evX0zoskH
RBA Governor Michele Bullock tells Senate Estimates that Australia is “still on (the) narrow path” to avoid recession. She was speaking just ahead of the national accounts showing GDP growth slipped to 0.1% in the March qtr. https://t.co/idty2gg9vA
Governor Bullock announces plans to ease restrictions once CPI hits target. #news #GovernorBullock #CPI $RBA
