RBA’s Bullock: Wages are starting to rise a little more quickly

Market news

19 July 2022

RBA’s Bullock: Wages are starting to rise a little more quickly

Reserve Bank of Australia (RBA) Deputy Governor Michele Bullock is speaking at a business lunch hosted by the Economic Society of Australia, in Brisbane.

Key quotes

Wages are starting to rise a little more quickly.

Need to get rates up to some sort of neutral level.

Neutral is a fair bit higher than where we are.

Also read: RBA’s Bullock: Further rate increases will be needed in the months ahead

Market reaction

The hawkish RBA commentary continues to add legs to the aussie’s upside. The AUD/USD pair is trading at 0.6841, up 0.40% on a daily basis.

Currencies. Daily history for Tuesday, July 19, 2022

Commodities. Daily history for Monday, July 18, 2022

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