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Economic Buzz: RBA Governor Cautions on Interest Rates Impact on Inflation and Unemployment
28-Nov-23   11:59 Hrs IST

Reserve Bank of Australia (RBA) Governor Michele Bullock, speaking at a Hong Kong conference, emphasizes the need for caution in using interest rates to combat inflation without inadvertently increasing unemployment. Bullock notes that the current high employment rates are aiding individuals in managing their more expensive mortgages, adding a layer of complexity to the bank's monetary policy decisions.

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