RBA Governor Michelle Bullock spoke as part of a committee on "inflation, financial stability, and employment, which showed hardline bias, saying
- Monetary policy is constrained
- We should be a bit cautious when using high-interest rates to attack inflation without raising the unemployment rate
- Rising employment rates help people pay expensive mortgages
- Australia's inflation trajectory is similar to overseas
- Expect inflation to fall to just under 3% in 2025
- But it also points to uncertainty about the trajectory of inflation
