RBA rules out rate cuts this year
The bank now says inflation won’t be at the mid-point of its target range until 2026.
RBA Governor Michele Bullock says mortgage holders are ‘feeling the squeeze’, but higher inflation would be worse.
Reserve Bank of Australia Governor Michele Bullock has discounted the prospect of an interest rate cut this year and has adjusted her outlook for inflation, which she says will be slower to return to the RBA target range.
Appearing before a parliamentary committee in Canberra today, Bullock said
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