Opinion
Why data-driven Bullock has her eye on the budget
RBA governor Michele Bullock says it’s too early to declare victory over inflation as she avoids the markets’ frenzied guessing game on interest rates.
Jennifer HewettColumnistData, data, data. Reserve Bank governor Michele Bullock is not about to fall for the market’s frenzied guessing game on interest rates. Nor will she be provoked into providing advice to Jim Chalmers about his budget spending.
But even the new requirement for her to front a lengthy question and answer session after a board meeting demonstrates the limits of the central bank’s guidance on the tortuous path back to lower interest rates.
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