RBA's Bullock: The board discussed whether to hike rates at the meeting

RBA's Bullock: The board discussed whether to hike rates at the meeting

RBA GOV BULLOCK:

**NEED A LOT TO GO OUR WAY TO BRING INFLATION BACK TO RANGE

**BOARD DISCUSSED WHETHER TO HIKE RATES AT THE MEETING

**BOARD DECIDED TO STAY THE COURSE ON POLICY

**TRYING TO BRING DEMAND DOWN WHILE REMAINING ON NARROW PATH

**BOARD WANTED TO MAKE POINT THAT…
— PiQ (@PiQSuite) June 18, 2024

Added at 1:48am

RBA GOV BULLOCK:

**BOARD DID NOT CONSIDER THE CASE FOR A RATE CUT AT THIS MEETING

**WOULD NOT SAY THAT THE CASE FOR A RATE HIKE IS INCREASING

**VERY CONCIOUS THAT HIGH RATES HURTING SOME SECTOR OF COUNTRY
— PiQ (@PiQSuite) June 18, 2024

Added at 1:49am

RBA GOV BULLOCK:

INFLATION ALSO HURTING PEOPLE, SO BOARD LASER FOCUSED ON BRINGING IT DOWN
— PiQ (@PiQSuite) June 18, 2024

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Comment #1
Quote
Jun 18, 2024 1:56am Jun 18, 2024 1:56am

umbrella man
| Joined Aug 2009 | Status: Member | 567 Comments

Haha, it’s gonna be what Fed will do. I said this many times, rates have to be hiked before cut.

Comment #2
Quote
Jun 18, 2024 2:09am Jun 18, 2024 2:09am

Kenvader
| Joined Oct 2022 | Status: Member | 22 Comments

Unlike RBA, FED acted like a trigger-happy cowboy galloping at breakneck speed, and now seems to be in a no-man's land. They have no idea to stay put or return to where they can show face. They are hoping that things fall into place, which would anyways have been the case. Now, only time will tell.

Comment #3
Quote
Jun 18, 2024 3:04am Jun 18, 2024 3:04am

giveachance
Joined Jun 2013 | Status: Trader by hobby not by profession | 223 Comments

this RBA governor is very transparent in her communication. I hope aussie reaches 0.7000 some day.

Comment #4
Quote
Jun 18, 2024 8:42am Jun 18, 2024 8:42am

Liem
| Joined Oct 2018 | Status: Member | 3 Comments

tokenised asset markets.. oh oh big gov moving in on meme coins

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Story Stats

Posted: Jun 18, 2024 1:40am
Submitted by:
Newsstand

Category: Low Impact Breaking News

Comments: 4 / Views: 5,876
Linked event:
AU RBA Press Conference

RBA's Bullock: The board discussed whether to hike rates at the meeting

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