Chanticleer
RBA is in no place to comfort fearful investors
The reality of Australia’s inflation problem means Michele Bullock has little room to encourage investors’ flagging animal spirits.
Since Michele Bullock started giving a press conference after Reserve Bank rate decisions this year, the RBA governor has performed a regular tightrope act, carefully navigating between the promise of rate cuts to come, and the threat of rate rises that still might be required to tame sticky inflation.
But on Tuesday, investors were hoping Bullock could pull off two tricks: juggling the fragile psyche of markets, against her usual interest rate high-wire act.
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