The Guardian Australia
·general
·3 hours ago
RBA governor’s frank message on the economy is the biggest shock
RBA Governor Michele Bullock raised the cash rate to 4.35% on Tuesday, reversing 2025 cuts while signaling a potential pause ahead. She delivered unusually blunt warnings that higher energy prices will depress growth to just over 1% through mid-2028 and lift unemployment to 4.7%. Bullock prioritized inflation control over employment if economic conditions worsen.
Summary by Glance · The Guardian Australia
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