<\/p>\n
\n Share:<\/span><\/p>\n The Reserve Bank of Australia (RBA) Governor Michele Bullock spoke in parliament on Thursday after leaving rates on hold earlier this week.<\/p>\n \u201cRBA Board is focused on bringing inflation down.\u201d<\/p>\n \u201cRemain acutely aware that the cost of living is rising much faster than it has over recent decades.\u201d<\/p>\n \u201cRecent developments in inflation are encouraging.\u201d<\/p>\n \u201cWe have some way to go to meet our target.\u201d<\/p>\n \u201cRecent developments in inflation are encouraging.\u201d<\/p>\n \u201cWe have some way to go to meet our inflation target.\u201d<\/p>\n \u201cEven if the economy evolves along the central path, inflation will still have been outside the target range for four years.\u201d<\/p>\n \u201cWhile there are some encouraging signs, Australia’s inflation challenge is not over.\u201d<\/p>\n \u201cThe longer inflation remains high and outside the target range, the greater is the risk that inflation expectations of households and businesses adjust higher.\u201d<\/p>\n \u201cAt this stage, the board hasn\u2019t ruled out a further increase in interest rates but neither has it ruled it in.\u201d<\/p>\n \u201cGiven the substantial costs to the economy and the Australian people of continued high inflation, the board is committed to bringing inflation back to target in a reasonable time frame.\u201d<\/p>\n \u201cTrying to bring inflation back to target without slowing the economy more than necessary on the one hand or risking high inflation for longer.\u201d<\/p>\n<\/blockquote>\n At the press time, the\u00a0AUD\/USD\u00a0pair was up 0.03% on the day to trade at 0.6495.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Share: The Reserve Bank of Australia (RBA) Governor Michele Bullock spoke in parliament on Thursday after leaving rates on hold earlier this week. Key quotes \u201cRBA Board is focused on bringing inflation down.\u201d \u201cRemain acutely aware that the cost of living is rising much faster than it has over recent decades.\u201d \u201cRecent developments in inflation […]<\/p>\n","protected":false},"author":2,"featured_media":15359,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[691,201,248,251,246,257,255,250,333,252,247,253,378,249,256,254],"class_list":["post-244129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-australia","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-macroeconomics","tag-oracle","tag-polygon","tag-quickswap","tag-rba","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/244129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=244129"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/244129\/revisions"}],"predecessor-version":[{"id":244130,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/244129\/revisions\/244130"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/15359"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=244129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=244129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=244129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Key quotes<\/strong><\/h2>\n
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Market reaction<\/strong><\/h2>\n