Reserve Bank of Australia Governor Bullock

more to come

• Vigilant to inflation risks, will not hesitate to hike if needed.
• Repeats, board judged current rates still meet its inflation mandate.
• Don’t expect to be back in 2–3% target range until end of 2025.
• Investment in renewable energy in regions should bring significant economic benefits.
• Renewables needed to mitigate the risks posed by climate change.
• Increasing volatility in weather, rising temperatures pose challenges for farmers.

This article was written by Eamonn Sheridan at www.forexlive.com.