She said the United States was struggling with excess demand and rapidly rising wages and inflation, and the US Federal Reserve will need to keep lifting interest rates "quite sharply" to dampen economic activity."It's got inflation, but it's also got a massive energy shock which is going to impact their production," she said.
"This is something at the moment that I think is ... very uncertain, and it's on a bit of a knife edge," she said.Ms Bullock made the comments during the Q&A session after a speech to Bloomberg in Sydney. She said the RBA's extraordinary bond buying program had resulted in the bank holding around $356 billion in Australian government bonds and state government bonds by the end of June this year .
Lucky we have geniuses like that steering the ship.
Except for multinationals who r clearly profiteering from any decisions their rba mates r making abcnews Interesting the governor has absolutely no accountability to the citizens of aust abcnews
The RBA is to blame for our inflation and property Ponzi scheme.
Not for the shareholders of gas and coal. They are making triple fortunes at the moment out of us.
No shit hey?
Gee who'd have thought
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
RBA would buy bonds again, but only in ‘extreme’ timesThe Reserve Bank will consider buying bonds in future “extreme circumstances” when rates hit rock bottom and the economy still needs stimulus.
Source: FinancialReview - 🏆 2. / 90 Read more »
RBA Governor busy ‘inserting himself into politics’Sky News host Cory Bernardi says Reserve Bank Governor Philip Lowe has been busy “inserting himself into politics”. “He's the chap that told us a couple of years ago interest rates would be at record lows for years before he started jacking them up at an unprecedented pace,” he said. “That's doing huge damage to household budgets and, from their point of view, it's all about trying to put the inflation genie back in the bottle.' Who said that Central Banks were 'independent'! 🤔 Is that kinda like meddling? Media organisations are good at that too. Or Lachlan and Rupert are undermining Australia by spreading fear
Source: SkyNewsAust - 🏆 7. / 78 Read more »
RBA stress test finds Aussie banks in good shapeUnemployment would need to spike fivefold and GDP slow by more than 5 per cent per quarter over at least a year before banks would breach their capital buffers.
Source: FinancialReview - 🏆 2. / 90 Read more »
Brickworks saw inflation coming 15 months ago, well before the RBAThe boss of Brickworks says there’s a long pipeline of new home construction because of backlogs, delays and tradie shortages.
Source: FinancialReview - 🏆 2. / 90 Read more »
RBA concedes inflation will peak at eight per centThe Reserve Bank of Australia’s Deputy Governor Michele Bullock says the central bank has forecasted inflation to peak at eight per cent early in 2023. Forecast All their forecasts proved very wrong. Inflation will touch 12% of they pivot early. You seriously trust their forecasting after their recent track record?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Government spending fuels inflation pressureGovernment spending is too high and should be cut to help reduce inflation, otherwise the RBA will be forced to raise interest rates more, economists have warned. Govt cut spending ? As if - they have no value for our taxes it’s just an ATM to them The Governor is an incompetent fool and should be sacked. He had no qualms allowing the LNP to blow out the debt. He refused to raise interest rates to protect Morrison, but now it is Govt spending causing the problems. Scrap the tax cuts for the rich..or has he forgotten these? inflation made in washington
Source: FinancialReview - 🏆 2. / 90 Read more »