• Says a little more inflation would be welcome
  • A lot more inflation would not be welcome

Not a lot of value in this from Debelle. The question is of course whether yesterday's inflation data is a little or a lot. I'd suggest that one CPI reading is not going to be enough to decide either way. Next week we get Q3 wage indexes - given the Reserve Bank of Australia want to see wage rises these will be a focus. The next logical focus at least.

More from Debelle:

  • a lot of what the bank is seeing in the economy is positive
  • we are keeping a close eye on how the labour market develops in the coming months


Reserve Bank of Australia Deputy Governor Debelle, along with Michele Bullock, Assistant Governor (Financial System) are appearing before the Australian Parliament's Senate Economics Legislation Committee (Supplementary Estimates) - Online