More from RBA Gov Bullock - if inflation remains higher than expected will respond

More from Reserve Bank of Australia Governor Bullock:

• If inflation remains higher than expected, will have to respond with policy
• We think we are running narrow path, but very alert to upside inflation risks

I am not sure that Bullock is more hawkish than previous Governor Lowe, but she is certainly a lot more forthright in her messaging that the Bank will not sit idle if inflation doesn't behave.

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Earlier:

• RBA Gov Bullock says is a bit more worried about the inflation impact from supply shocks