Michele Bullock speaks after RBA lifts interest rates to 4.60 per cent | IN FULL

By SBS News

Community Score: 50% | 15.2K views | 2w

0 community ratings: null thumbs up, null thumbs down

Reserve Bank Governor Michele Bullock says inflation remains too high and hasn't ruled out further rate rises to bring it to down. The Reserve Bank's Monetary Policy Board voted unanimously to lift the cash rate by 25 basis points to 4.60 per cent — a 15-year high. It's the fourth interest rate rise this year and was widely anticipated by all major banks and many economists. Bullock says today's interest rate hike is needed to slow demand and prevent high inflation from becoming embedded. 00:00 Michele Bullock's address 02:31 High unemployment and falling house prices 08:04 Where does the RBA expect interest rates to go? 09:33 Who's responsible for improving productivity? 11:30 "The Middle East conflict is a big shock and has made us all poorer" 15:12 Did the RBA consider holding? 20:41 Sustained inflation is bad for employment 22:42 Treasurer says inflation is beyond his control 25:37 How likely is the risk of "stagflation"? 30:55 "This is not a wage-price spiral" 40:31 "We have

Tags: sbs, sbs news, sbs news live, sbs news australia, sbs world news, sbs news live now, news australia, news australia today, updated news australia, latest news, australia news latest, Australia, breaking, sbs world news live