RBA Governor Bullock says much of the recent increase in inflation is judged to be temporary, but some of it seems to be persistent, adds Board will be monitoring closely the extent to which the strong inflation we have observed is persistent or temporary

Governor Bullock's remarks suggest a nuanced view on inflation, indicating that while much of the recent uptick may be temporary, there's recognition of persistent inflationary pressures.

Newsquawk StaffPublished 5 Feb 2026, 22:56 UTCOn the live feed at 22:36 UTC — 1 more headline followed before this page went public

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RBA Governor Bullock says much of the recent increase in inflation is judged to be temporary, but some of it seems to be persistent, adds Board will be monitoring closely the extent to which the strong inflation we have observed is persistent or temporary

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Newsquawk Daily Asia-Pac Opening News - 6th February 2026

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Says:

Labour market is still doing very well, calling it good news.

Context

This commentary could imply that the RBA will take a cautious approach to monetary policy, with potential implications for interest rates and the Australian dollar, especially if inflation remains above target.

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