RBA Bullock says inflation forecasts will change, not sure if change will be 'material'

<p>More again from Reserve Bank of Australia Governor Bullock, adding that there will be changes made to the RBA's inflation forecasts but she isn't sure if they will be 'material'.</p><p>Bullock started the job on September 16 and has already become Humphrey Appleby. </p><p>Sheesh. The RBA only has 2 jobs, full employment and price stability. </p><ul><li>On jobs, the jobless rate is basically at a 50 year low. Kudos to the Bank to the extent they've helped with this. </li><li>On prices, CPI is nearly double the upper end of the target band and rising. Thats material. Time to act on job #2 and, unfortunately, raise the cash rate again. </li></ul><p>Earlier from da Gov:</p><ul><li><a href="https://www.forexlive.com/centralbank/rba-bullock-says-cpi-was-a-little-higher-than-expected-but-about-where-we-thought-itd-be-20231025/" target="_self">RBA Bullock says CPI was a little higher than expected, but about where we thought it'd be</a></li><li><a href="https://www.forexlive.com/centralbank/audusd-lower-as-rba-gov-bullock-speaks-20231025/" target="_self">AUD/USD lower as RBA Gov. Bullock speaks</a></li><li><a href="https://www.forexlive.com/centralbank/rba-gov-bullock-says-still-considering-whether-cpi-was-a-material-change-to-outlook-20231025/" target="_self">RBA Gov. Bullock says still considering whether CPI was a "material" change to outlook</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.