Governor defends cautious approach, saying price pressures have been brought under control without surge in unemploymentFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Reserve Bank is wary of cutting interest rates until it has gathered more evidence that inflation remains on a path back towards the 2.5% target the RBA governor, Michele Bullock, says as she defended the central bank’s slow and steady approach to monetary policy.In a speech to the Anika Foundation in Sydney, Bullock also said the RBA was not targeting “a certain unemployment rate or number of job losses” in its pursuit of low and stable inflation. Continue reading...
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