RBA’s Bullock: Employment, economy need to grow below trend for a while RBA CentralBanks AUDUSD InterestRate
Reserve Bank of Australia Deputy Governor Bullock is speaking at the AI Group conference, in Newcastle, on Tuesday.Economy would be closer to sustainable balance point with unemployment at 4.5%.Employment is above what we would consider to be consistent with our inflation target.
Have been willing to accept more gradual return of inflation to target than many other central banks.Labour market conditions will invariably soften as inflation is contained.Nevertheless, the labor market remains tight by most measures.is paying little heed to the above comments, losing 0.70% on the day to trade at 0.6802, as of writing.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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