Australia's central bank, led by RBA Governor Michele Bullock, is prepared to raise interest rates further if needed to tackle inflation, which remains high at 3.9%. The RBA aims to bring inflation within its 2% to 3% target range by late 2025. Despite the current policy rate of 4.35%, the RBA acknowledges market expectations for potential rate cuts in November and December. #Bullock also discussed regional economic opportunities in renewable energy and the challenges posed by climate change for farmers and communities.
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