RBA wary of cutting rates until it has more evidence on inflation, Bullock says
by Patrick Commins and Luca Ittimani from on (#6YVNJ)
Governor defends cautious approach, saying price pressures have been brought under control without surge in unemployment
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The Reserve Bank is wary of cutting interest rates until it has gathered more evidence that inflation remains on a path back towards the 2.5% target the RBA governor, Michele Bullock, says as she defended the central bank's slow and steady approach to monetary policy.
In a speech to the Anika Foundation in Sydney, Bullock also said the RBA was not targeting a certain unemployment rate or number of job losses" in its pursuit of low and stable inflation.
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