Bullock of the RBA: Wages are beginning to Increase a Little More Swiftly.

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.

July 19, 2022 - 11:59 AM 215 views

Bullock of the RBA: Wages are beginning to Increase a Little More Swiftly.

Market News

© Bullock of the RBA: Wages are beginning to Increase a Little More Swiftly.

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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.

Important Quotes

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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