The governor of the Reserve Bank of Australia (RBA), Michele Bullock, has made it clear that she will not be hasty in making a decision to cut interest rates.
This response comes amid the Trump administration’s plans for tariffs and the growing anticipation of a slowing global economy.
Bullock voiced her stance during a dinner for business leaders on Thursday. She emphasized the complexity of the current economic climate, stating that there are many factors to consider before making an informed decision about the interest rates in Australia.
"We are bringing all this together to form an objective assessment of what it means for the outlook for domestic activity and inflation here at home," she said.
Bullock further expressed the bank’s intent to avoid adding to the existing uncertainty in the market. She confirmed that it’s too early for the bank to determine the future path for interest rates.
The RBA’s cautious approach reflects its commitment to carefully assess the potential impacts of global economic changes on the Australian economy before making any decisions.
