RBA governor Bullock: Too early for us to determine what the path will be for rates
Unpredictability of tariffs means need patience to assess impact on demand, supplyThere will be a period of uncertainty, adjustment as countries respond to US tariffsOur focus remains on dual mandate for price stability and full employmentNot seeing the same degree of impact as previous market events like in 2008Closely monitoring exchange rate, response of our trading partners to the USShe's not giving much away but amid the pressure from a trade escalation between US and China, markets are expecting Australia to also be caught in the crossfire. As things stand, traders are fully pricing in a rate cut for the next meeting on 20 May. This article was written by Justin Low at www.forexlive.com.
- Unpredictability of tariffs means need patience to assess impact on demand, supply
- There will be a period of uncertainty, adjustment as countries respond to US tariffs
- Our focus remains on dual mandate for price stability and full employment
- Not seeing the same degree of impact as previous market events like in 2008
- Closely monitoring exchange rate, response of our trading partners to the US
She's not giving much away but amid the pressure from a trade escalation between US and China, markets are expecting Australia to also be caught in the crossfire. As things stand, traders are fully pricing in a rate cut for the next meeting on 20 May.
