RBA Governor Bullock says pulse of inflation is too strong and that high inflation hurts all Australians

RBA Governor Bullock's comments indicate a more cautious stance regarding inflation dynamics, suggesting that it may take longer to return to target levels.

Newsquawk StaffPublished 3 Feb 2026, 04:50 UTCOn the live feed at 04:30 UTC, 20 minutes before this page

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Says:

Board thinks inflation will take longer to return to the target.
We cannot allow inflation to get away from us.
Will not give forward guidance and the board will remain focused on data.
Did not discuss a 50bps rate increase.

Context

His emphasis on not allowing inflation to escalate further could imply a more aggressive future policy response, but the lack of forward guidance and mention of a 50bps hike suggests a careful, data-driven approach. This messaging is likely to influence expectations around future interest rate decisions and could lead to volatility in the Australian dollar and fixed income markets.

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