Australia's central bank monitoring impact of higher rates, energy price shock
SYDNEY - Australia's central bank is carefully monitoring economic conditions to assess how higher interest rates and the global energy price shock are playing out, its top central banker said on Thursday.
Appearing before lawmakers, Reserve Bank of Australia Governor Michele Bullock said policymakers were seeing signs that policy tightening was working to slow demand, although it would take around a year or two to feel the full impact.
(Reporting by Stella Qiu; Editing by Himani Sarkar)
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This story was originally published June 3, 2026 at 10:17 PM.