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.

“Japan’s Takaichi pledges timely economic and fiscal decisions, taking interest rates, forex, and prices into account.”

“BOJ’s Ueda says he will not provide specifics on interest rates.” “BOJ’s Ueda observes a sharp recent increase in long-term interest rates.” “BOJ’s Ueda pledges increased JGB purchases in response to sudden long-term rate changes.” BOJ’s Ueda notes that the degree of monetary easing will change if trends in the economy and prices match projections BOJ’s Ueda notes the bank is monitoring firms’ wage intentions for next year