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.
Reserve Bank of Australia Deputy Governor Michele Bullock said its monthly meetings allow it to raise rates as fast as other banks, warning rates would increase "further over coming months" in a speech on Tuesday. She said the ability to meet 11 times a year - there is no meeting in January - is an "advantage in uncertain times" as it allows more frequent evaluation of evidence and "recalibration if necessary."
"It also means that if we increase interest rates at every meeting, we can potentially move much faster than overseas central banks," she said.
"Or, alternatively, we can achieve a similar rise in interest rates with smaller increments. The incremental change in the policy rate at recent meetings has been smaller than some other major central banks. However, our policy rate trajectory has been as steep, or steeper, than other central banks."
Bullock said inflation was "too high" and "is expected to rise further."
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.