RBA’s Bullock: Too early for us to determine what the path will be for interest rates

Reserve Bank of Australia (RBA) Governor Michele Bullock spoke at the Chief Executive Women 40th Anniversary Melbourne Annual Dinner, on Thursday.

Key quotes

• Tariff unpredictability means need patience to assess how this could affect demand and supply.
• Too early for us to determine what the path will be for interest rates.
• Focus remains on our dual mandate for price stability and full employment.
• Will be period of uncertainty, adjustment as countries respond to US tariffs.
• Not currently seeing the same degree of impact as previous market events like in 2008
• Australian financial system is strong, well placed to absorb shocks from abroad
• Key focus is how all this uncertainty affects decisions of Australian households, businesses
• Closely monitoring financial market conditions, in touch with other central banks
• Watching exchange rate, response of our trading partners, counter-responses from the US.