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Opening statement - House of Representatives Standing Committee on Economics

· Michele Bullock, Governor of the Reserve Bank of Australia (Australia)

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability

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· Michele Bullock Wiki · Reserve Bank of Australia WikiOpening statement - House of Representatives Standing Committee on Economics

ContextOpening statement by Michele Bullock, Governor of the Reserve Bank of Australia, to the House of Representatives Standing Committee on Economics, Canberra, 9 February 2024.

Why it mattersBullock tells lawmakers that inflation is still too high despite slowing demand.

Problems raised
  1. Inflation is still too high.
  2. Demand is slowing.
  3. The goal is not yet reached.
Solutions proposed
  1. Keep easing inflation pressures.
  2. Stay patient.
  3. Report to Parliament.
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