ASX 200: ASX falls; Michele Bullock not ‘comfortable’ with services inflation

📆 26/10/2023 8:16 AM

Australia News News

Australia Latest News,Australia Headlines

📆 26/10/2023 8:16 AM
📰 FinancialReview

⏱ Reading Time:
19 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 90%

Watch live: Michele Bullock says she is still analysing Wednesday’s CPI print and won’t be drawn on the implications for interest rates; shares are set to slip; US tech stocks dive after earnings shortfall from Alphabet. Follow here for more.

Michele Bullock says she is “wary” of the latest inflation numbers and said the RBA may need to raise the cash rate again.

“We’re looking at some of the more persistent parts of inflation asking ourselves, ‘Are there signs that those might be coming down in the future?’” “We’ve made that very clear, even though we haven’t raised interest rates since our last interest rate rise in June, we’ve made it very clear that we might need to go again,” she told One Nation Senator Malcolm Roberts.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ASX 200 LIVE: ASX to rise, Wall Street rallies, US bond yields easeAustralian shares are set to open higher after overseas gains. CPI data late this morning. Oil slides, iron ore advances. Follow updates here.
Read more »

ASX 200 LIVE: ASX rises; BHP, Rio Tinto, Fortescue rally; Magellan CEO steps downAustralian shares open higher after overseas gains. CPI data late this morning. Oil slides, iron ore advances. Follow updates here.
Read more »