RBA’s Bullock: Need to remain patient when assessing policy
RBA Governor Michele Bullock Addresses Melbourne University Event
Michele Bullock, Governor of the Reserve Bank of Australia, delivered remarks at the Faculty of Economics & Business Foundation Dinner held at Melbourne University on Wednesday.
Highlights from the Speech
- The current state of the economy is relatively strong.
- Making policy decisions remains challenging.
- It is important to exercise patience when evaluating policy effectiveness.
Impact on the Market
Following these statements, the Australian Dollar (AUD) has come under pressure. At the time of reporting, AUD/USD has retraced some of its earlier gains and is trading at 0.7085, though it still shows a 0.41% increase for the day.
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