Reserve Bank of Australia Deputy Governor Michele Bullock Q&A:
- will be looking at monthly cpi, but will be lot of noise in figures
- monthly cpi numbers are unlikely to have implications for October policy meeting
- policy is not restrictive as yet, looking at opportunities to slow hikes at some point
- Australia in a better position on inflation than some other countries
- RBA is concerned about the health of China's economy, its zero covid policy and its property market
- the outlook for the global economy is quite worrying
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Is it just me or are we getting far straighter answers from Bullock than we get from Lowe?