‘Chill down the spine’: RBA warns it ‘won’t hesitate’ to raise rates

Michele Bullock’s warning RBA 'won't hesitate' to raise interest rates sends 'chill down the spine' of Australians, says Senator

"If we think we're on the narrow path, we can stay basically, pretty much where we are not ruling anything in or ruling anything out," she told the Senate Economics Committee. Shadow finance minister Jane Hume labelled the warning “strident” in an interview with Sky News Australia, saying it was the RBA’s job to bring inflation down.

“In contrast, if it turns out that the economy is much weaker than expected, and that puts more downward pressure on inflation, then we'll be looking to ease so they're the Plan B's if you like, but they're central to the strategy,” she said.

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