Reserve Bank governor says there is ‘considerable uncertainty’ over Australia’s economic future and the board ‘remains vigilant’
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Reserve Bank governor Michele Bullock said the central bank won’t hesitate to lift interest rates again to reduce “persistently high inflation” while acknowledging “I know this is not what people want to hear”.
In a speech on Thursday in the northern New South Wales town of Armidale, Bullock also talked up the need for more investment in renewable energy zones, noting these would account for half of electricity generation in coming decades.
Continue reading…Reserve Bank governor says there is ‘considerable uncertainty’ over Australia’s economic future and the board ‘remains vigilant’Follow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastReserve Bank governor Michele Bullock said the central bank won’t hesitate to lift interest rates again to reduce “persistently high inflation” while acknowledging “I know this is not what people want to hear”.In a speech on Thursday in the northern New South Wales town of Armidale, Bullock also talked up the need for more investment in renewable energy zones, noting these would account for half of electricity generation in coming decades. Continue reading…