RBA’s Governor-Designate Bullock: May have to raise rates again, but watching data carefully

Reserve Bank of Australia (RBA) Governor-Designate, Michelle Bullock, in her speech at the Sir Leslie Melville Lecture at the Australian National University, in Canberra, said that the central bank “may have to raise rates again, but watching data carefully.”

Additional quotes

Inflation is till too high, that will be my first priority as governor.

Not necessarily heading to a world of higher structural inflation.

Market reaction

At the time of writing, AUD/USD is off the intraday highs of 0.6454, trading at 0.6440 while edging 0.20% higher on the day.