July 19, 2022 - 11:59 AM 215 views
The Economic Society of Australia (ESA) is hosting a business lunch in Brisbane, and Michele Bullock, the deputy governor of the Reserve Bank of Australia (RBA), is speaking.
The pace of wage growth is beginning to pick up.
Rates must be raised to a type of neutral level.
We are quite a little higher than neutral.
The Market Reaction
The RBA's hawkish remarks have given the Australian dollar's upward movement more legs. The AUD/USD currency pair is currently trading at 0.6841, up 0.40 percent daily.
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