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 not willing to say whether Wednesday’s CPI figures would trigger a “material change” to the inflation outlook and further rate rises.
“We’re still analysing the number,” she told Liberal Senator Andrew Bragg. “I’m not prepared to say yet whether or not it’s a material change to our forecasts … We have to look at whether or not it’s material enough to change our views on … policy.“
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