RBA’s Bullock: Too early for us to determine what the path will be for interest rates
FXStreetApr 10, 2025 10:08 AM
Reserve Bank of Australia (RBA) Governor Michele Bullock spoke at the Chief Executive Women 40th Anniversary Melbourne Annual Dinner, on Thursday.
Key quotes
- Tariff unpredictability means need patience to assess how this could affect demand and supply.
- Too early for us to determine what the path will be for interest rates.
- Focus remains on our dual mandate for price stability and full employment.
- Will be period of uncertainty, adjustment as countries respond to US tariffs.
- Not currently seeing the same degree of impact as previous market events like in 2008
- Australian financial system is strong, well placed to absorb shocks from abroad
- Key focus is how all this uncertainty affects decisions of Australian households, businesses
- Closely monitoring financial market conditions, in touch with other central banks
- Watching exchange rate, response of our trading partners, counter-responses from the US.
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