RBA’s Bullock: Volatility in financial markets does affect sentiment, but not the economy

Market news

8 August 2024

RBA’s Bullock: Volatility in financial markets does affect sentiment, but not the economy

Reserve Bank of Australia (RBA) Governor Michele Bullock is responding to the Q&A session following her speech titled ‘Economic Conditions in Post-Pandemic Australia with a Regional Lens’ at Thursday's Rotary Club of Armidale Annual Lecture.

Key quotes

Volatility in financial markets does affect sentiment, but not the economy.

Board considered rate hike on tuesday.

Developing story …

Market reaction

AUD/USD holds the rebound near 0.6550 following the hawkish comments from the RBA Governor. The pair is currently trading 0.53% higher on the day to 0.6552.

RBNZ Survey: NZ inflation expectations ease further to 2.03% QoQ in Q3 2024

New Zealand RBNZ Inflation Expectations (QoQ) dipped from previous 2.33% to 2.03% in 3Q

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