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Bullock seeks to calm nerves as rate cut calls grow louder

Michael Read
Michael ReadEconomics correspondent
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Reserve Bank of Australia governor Michele Bullock says the market turmoil caused by Donald Trump’s trade war is not as bad as the 2008 global financial crisis and hosed down demands for an emergency rate cut with a call for patience.

Speaking for the first time since Trump announced a sweeping set of global tariffs last week, Bullock sought to project calm on Thursday evening.

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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
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    Original URL: https://www.afr.com/policy/economy/bullock-seeks-to-calm-nerves-as-rate-cut-calls-grow-louder-20250410-p5lqqk