Economic news
RBA’s Bullock says bank taking cautious approach with policy, watching data
2023.12.11 18:29
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© Reuters. FILE PHOTO: Pedestrians walk past the Reserve Bank of Australia building in central Sydney, Australia, February 10, 2017. REUTERS/Steven Saphore/File Photo
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SYDNEY (Reuters) – Australia’s top central banker on Tuesday said policymakers were taking a cautious approach with monetary policy and would continue to watch incoming data, adding that the country is not falling behind in the global inflation fight.
Reserve Bank of Australia (RBA) Governor Michele Bullock made the comments at a payments conference in Sydney.
The RBA last week left interest rates unchanged at a 12-year high of 4.35%, buying it more time to assess the state of the economy.
