Michele Bullock is ringing the alarm on “upside” inflation risks and openly talking about the plausibility of raising interest rates in 2026, potentially as soon as February.
The Reserve Bank of Australia is getting a bit nervous that its three interest rate cuts this year may be too much, with Michele Bullock putting the nation on notice that she could do a big U-turn by raising rates next year to tame resurgent inflation.
John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
