RBA’s Bullock Sees No Surprises in Inflation Data, Yields Drop
10/26/2023 07:58
Australia’s third-quarter inflation report came in “pretty much where we thought,” Reserve Bank Governor Michele Bullock said Thursday, sending government bond yields and the currency sliding.
Australia’s third-quarter inflation report came in “pretty much where we thought,” Reserve Bank Governor Michele Bullock said Thursday, sending government bond yields and the currency sliding.
Bullock said the figures released on Wednesday were higher than the RBA’s August forecasts, but based on information since then, including the monthly CPI indicator, “we thought it was going to be about where it came out.”