MNI BRIEF: China To Adopt Very Proactive Fiscal Policy-Offical

CANADA LIBERAL LEADERHIP VOTE TO REPLACE TRUDEAU SET FOR MAR 9

MNI BRIEF: PBOC Suspends Bonds Trades As Yields Drop

MNI: PBOC Net Drains CNY14.8 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1891 Fri; -2.36% Y/Y

MNI BRIEF: Banxico Set To Consider Larger Rate Cuts - Minutes

MNI: FRANCE NOV INDUSTRIAL PRODUCTION +0.2% M/M, -1.1% Y/Y

MNI: FRANCE NOV CONSUMER SPENDING +0.3% M/M, +0.3% Y/Y

MNI: NORWAY DEC CPI -0.1% M/M, +2.2% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

AUSTRALIA: RBA's Bullock Retains View It's Too Soon to Cut

AUSTRALIA
BulletAPACFixed Income BulletsForeign Exchange BulletsAustraliaMarkets
  • RBA governor Bullock retains a hawkish view on rates policy and the trajectory of inflation - stating that inflation is "too high" to consider rate cuts. She states that forecasts show a sustainable return to target in 2026, while judging the jobs market as tighter than the conditions needed for low, stable CPI.
  • Nothing too new from Bullock here - the RBA policy statement had highlighted there remains "some time yet before inflation is sustainably in the target range and approaching the midpoint" - and until this happens "it remains too high,".

AUD posts minor gains on the still-hawkish RBA view, with AUD/USD rising ~10 pips to 0.6498. 

Full speech is here: https://www.rba.gov.au/speeches/2024/sp-gov-2024-11-28.html

 

111 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • RBA governor Bullock retains a hawkish view on rates policy and the trajectory of inflation - stating that inflation is "too high" to consider rate cuts. She states that forecasts show a sustainable return to target in 2026, while judging the jobs market as tighter than the conditions needed for low, stable CPI.
  • Nothing too new from Bullock here - the RBA policy statement had highlighted there remains "some time yet before inflation is sustainably in the target range and approaching the midpoint" - and until this happens "it remains too high,".

AUD posts minor gains on the still-hawkish RBA view, with AUD/USD rising ~10 pips to 0.6498. 

Full speech is here: https://www.rba.gov.au/speeches/2024/sp-gov-2024-11-28.html