RBA Bullock: If consumption slows quicker than expected will be opportunity to cut rates

Reserve Bank of Australia Governor Bullock is giving testimony before the Australian Parliament's House of Representatives Standing Committee on Economics.

From the Q&A:

• Inflation doesn’t need to be in 2-3% band for us to think about rate cuts
• If consumption slows more quickly than expected will be opportunity to cut rates
• We considered range of policy scenarios at February meeting

Earlier:

• RBA Bullock: Recent inflation developments are encouraging, some way to go to meet target
• Reserve Bank of Australia Governor Bullock speaks - live link

more to come