RBA’s Bullock: Board did not discuuss a rate cut

FXStreetApr 1, 2025 6:04 AM

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Reserve Bank of Australia (RBA) Governor Michele Bullock is addressing a press conference following the announcement of the April monetary policy decision on Tuesday.

Earlier on, the RBA kept the benchmark interest rate steady at 4.1% as widely expected.

Key quotes

Chance there is more strength in economy than seems.
Talking to other central banks to make sense of global uncertainty.
Have to be careful not to get ahead of ourselves on policy.
Board did not discuuss a rate cut.
Holding rates was a consensus decision.

developing story ....

Market reaction

AUD/USD is holding higher ground near 0.6260 on the above comments, adding 0.30% on the day, as of writing.

Reviewed byTony

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