RBA Governor Bullock says RBA expects inflation to increase further in the near term, notes flow of data and development since May has not been materially different to our expectations

Newsquawk Staff · 4 Jun 2026, 05:22 UTC

Inflation is too high, and the board will do what it considers necessary to achieve its mandate of delivering price stability and full employment.
Having raised the cash rate three times, monetary policy is well placed to respond to developments.
Will carefully monitor conditions to assess how the combined effects of higher interest rates and the energy price shock are playing out.
Some signs of tightening impact already seen, but full effects to take 1 to 2 years.

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US Market Open, 21 Oct, 10:29 UTC · what it led with

Pakistan Army Chief Munir brought the "final warning" from the United States to Iranian officials, which called on Iran to submit to the US demands for concessions on the nuclear issue before taking any other steps.
The UK government has approved the Jackdaw North Sea gas field.

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Riksbank maintains its rate at 1.75% as expected; assesses that the probability of a rate increase later this year remains; there is considerable uncertainty and developments call for vigilance
EUR/SEK+0.3%
Norges Bank maintains its rate at 4.25% as expected; may still become necessary to raise the policy rate
EUR/NOK+0.6%
Iran and US talks continue, and reports that the deal is close are wrong.
WTI crude+1.5%

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