Watch live: Michele Bullock says she is still analysing Wednesday’s CPI print and won’t be drawn on the implications for interest rates; shares are set to slip; US tech stocks dive after earnings shortfall from Alphabet. Follow here for more.
Michele Bullock says she is “wary” of the latest inflation numbers and said the RBA may need to raise the cash rate again.
“We’re looking at some of the more persistent parts of inflation asking ourselves, ‘Are there signs that those might be coming down in the future?’” “We’ve made that very clear, even though we haven’t raised interest rates since our last interest rate rise in June, we’ve made it very clear that we might need to go again,” she told One Nation Senator Malcolm Roberts.
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