RBA Governor Bullock Says Inflation Likely to Stay High for Longer
Reserve Bank of Australia Governor Michele Bullock keeps a hawkish tone before next week's meeting and does not rule out another rate hike.
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what happened
According to Market Talk, Reserve Bank of Australia Governor Michele Bullock is keeping a hawkish tone ahead of next week's policy meeting. She said the bank expects inflation to stay elevated for some time, driven by domestic and international forces pushing prices higher.
Bullock also said inflation is likely to come in above the forecast made in August. With capacity pressures persisting in the economy, her remarks point to room for a further increase in interest rates.
why it matters
For markets, the signal is that rates may stay high for longer than expected. That typically supports the Australian dollar and government bond yields, while weighing on rate-sensitive equities and bets on faster rate cuts.
market impact
AUD and Australian bonds: expectations of higher rates support the currency and yields
- Australian dollar pressure up — expectations of higher interest rates make it more attractive to hold
- Australian government bonds pressure down — rising rate expectations push bond prices lower
tags
instruments
sources
- RBA's Bullock Says Inflation to Remain High for Longer — Market Talk, 28 October 2026 at 00:36 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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