Reserve Bank of Australia Governor: If inflation remains persistently high, an interest rate hike may need to be considered

Jinse Finance reported that Reserve Bank of Australia Governor Bullock emphasized at a press conference that inflation risks are tilted to the upside, noting that inflation and employment data will be crucial for the February meeting next year. Regarding this meeting, Bullock stated that the possibility of a rate hike was not explicitly considered, nor was the option of a rate cut, but scenarios where policy tightening might be needed were discussed. However, Bullock mentioned that if inflation remains persistently high, the Reserve Bank of Australia may need to consider raising rates. As for the future path of interest rates, Bullock expressed a data-driven approach, making decisions at each meeting. Bullock said, "We will not pre-judge the timing of future actions; decisions will be made meeting by meeting."