Reserve Bank of Australia governor Michele Bullock says government energy bill rebates will not meaningfully affect underlying inflation, and they will not make the central bank more likely to cut interest rates.
“We try to look through things that are one-off and are going to be reversed,” Ms Bullock told the Senate on Wednesday.
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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
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
