No Plan Yet to Cut Interest Rates: Reserve Bank of Australia

The governor said inflation was still too high.

Governor of the Reserve Bank of Australia (RBA) Michele Bullock speaks to the media during a press conference in Sydney, Australia, on Feb. 6, 2024. AAP Image/Bianca De Marchi

Central bank Governor Michele Bullock has made it clear that the Reserve Bank of Australia (RBA) is not thinking of cutting interest rates anytime soon.

In her address on Sept. 5, Bullock said that although inflation has dropped it was “premature to be thinking about rate cuts.”