Reserve Bank of Australia Governor Michele Bullock testifies today after the central bank maintained rates at 4.35% this week.
Reserve Bank of Australia Governor Michele Bullock appears before Parliament’s Economics Committee today for routine scrutiny following the RBA’s decision to hold the cash rate at 4.35%. The session follows this week’s monetary policy meeting, where the central bank kept rates unchanged amid restrictive policy settings.
The RBA’s August decision marked a continuation of its current stance, with Assistant Governor Christopher Kent earlier stating policy remains restrictive and effective, though risks skew higher. Markets will watch for any signals on future rate adjustments or inflation expectations.
No immediate market reaction was reported ahead of the testimony, which is part of standard parliamentary oversight procedures.