RBA governor Bullock: We cannot declare victory on inflation yet ...Middle East

It is clear that high rates have workedBut we cannot declare victory on inflation yetFurther rate cuts implied by the market are not guaranteedWe cannot get too ahead of ourselves on ratesIt was a difficult decision, there was argument on both sidesThere was an active debate on this but the better decision was to ease a little bit of the restrictivenessThat is in recognition that we are making progress to our goalWe are still restrictive, waiting for more evidence on inflation progress before moving againWe need to continue to see easing wage costs, disinflation in services, and reduction in housing pricesNeed to see some recovery on the supply side of the economyThis is a small rate cut but every little bit helps This article was written by Justin Low at www.forexlive.com.

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RBA governor Bullock: We cannot declare victory on inflation yet ...Middle East

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