Bullock: February board meeting will consider whether inflation is failing to slow

RBA's Bullock: Did not explicitly consider case for a rate hike this meeting RBA Governor Bullock said it appears that further rate cuts are not necessary. RBA Governor Bullock said no timing has been set for any future moves; decisions will be made on a meeting-by-meeting basis. RBA’s Bullock: Inflation Persistence Could Raise Policy Questions; Discussed Circumstances In Which Further Tightening May Be Needed • Says Persistent Inflation Would “Raise Questions” For Policy RBA Governor Bullock said the board believes downside risks have eased, while upside risks have increased.

BoE's Mann: Inflation persistence has been my key view. BoE's Mann: As we look forward, we can see that budget changes will lead to a lower inflation rate. BoE's Mann: UK firms are reluctant to reduce prices even when demand is weak BOE'S MANN: OVERALL LABOUR MARKET SITUATION IS NOT AS DIRE AS BOE SURVEYS SHOW, DUE TO PUBLIC SECTOR EMPLOYMENT BoE's Mann: The assumed neutral rate of 3.25%-3.5% is about right.

RBA Governor Michele Bullock speaks after wrapping up the final RBA meeting of 2025.