Australian Reserve Bank Chief Cautions Against Hasty Rate Cuts

According to Odaily, the Governor of the Reserve Bank of Australia, Michele Bullock, has stated that recent interest rate decisions do not necessarily indicate further rate cuts in the future. Bullock emphasized the importance of not rushing into decisions regarding interest rates. The committee remains highly vigilant about the risks of rising inflation. She acknowledged that the decision to cut rates was challenging and highlighted that it was not a foregone conclusion, with differing opinions within the committee. Any further rate cuts will depend on forthcoming data.