RBA Governor Bullock says board decided inflation at around 3-point something was unacceptable

RBA Governor Bullock says board decided inflation at around 3-point something was unacceptable.

RBA Governor Bullock's assertion that inflation levels around 3% are unacceptable indicates a potentially hawkish shift in the central bank's stance. This suggests that the board may prioritize tighter monetary policy to combat inflation, which could impact the rates outlook and strengthen the AUD. Traders should watch for further guidance on rate adjustments and market reactions across fixed income and currency sectors.