RBA Assistant Governor Kent says the board will set monetary policy to achieve low and stable inflation and full employment
Says:
- Will continue to assess the countervailing forces operating on the economy.
- Middle East conflict has tightened financial conditions.
- The longer the conflict persists, the larger the economic impacts will be.
Context
The comments from RBA Assistant Governor Kent signal a continued commitment to balancing low inflation and full employment amid existing economic pressures. His mention of the Middle East conflict tightening financial conditions suggests an awareness of external risks that could impact Australia's economic outlook, which may influence policy decisions going forward. Traders should watch for potential shifts in rate expectations if these risks continue to intensify.
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