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Michele Bullock has made a bold move – and it’s not the rate rise

The Sydney Morning Herald·Millie Muroi·25 days ago
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Opinion Economics Writer May 8, 2026 — 5:00am Reserve Bank governor Michele Bullock is pretty good at holding a line. She can identify when journalists are trying – sometimes quite sneakily – to get her to give what’s called “forward guidance”: a sense of what the next interest rate moves might be. And she very often sidesteps those questions with a knowing smile. This week, though, she did something a little unusual. Instead of putting on her poker face and batting away probing questions about future moves, she gave journalists – and the public – a bit more to work with. RBA governor Michele Bullock has pushed back against suggestions the bank is taking a “wait and watch” approach. Louie Douvis In fact, her press conference was interesting enough that her words visibly shifted where people were parking their money.…

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