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Michele Bullock
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- 1RBA Governor Michele Bullock says era of low interest rates is over▼RBA Governor Michele Bullock claims days of low interest rates are gone | 9 News Australia
Reserve Bank of Australia Governor Michele Bullock has said the days of low interest rates are gone, signalling that Australian borrowers should not expect a return to the ultra-cheap borrowing costs of recent years. The remarks point to the RBA preparing households and businesses for a prolonged period of higher rates as it keeps fighting inflation, a message with major implications for mortgages and the wider economy.
- 2RBA Governor Michele Bullock Flags Rate Rise That Could Cost 5% of Jobs▼RBA Rate Rise: Michele Bullock Targets 5% Job Loss
Reserve Bank of Australia governor Michele Bullock is at the centre of debate after a rate rise commentary linked to an estimated 5% job loss figure, sparking concern about the bank's willingness to trade employment for inflation control. Critics argue the figure shows how harsh further tightening could be for Australian workers, while supporters say the RBA is simply being candid about the trade-offs in bringing inflation back to target.