STOCKS | RBA Governor Michele Bullock Says Curbing Inflation Is Key Before Policy Meeting

Australia and New Zealand Banking Group (ANZ) Governor Michele Bullock said the Reserve Bank of Australia board will assess at its policy meeting in just over a week whether current monetary tightening is enough to bring inflation back to target within a reasonable time. According to Sina Finance, Bullock said high interest rates are burdening people with mortgages and cost-of-living pressures, but curbing inflation is crucial. She added that monetary policy has room to respond to changing conditions, and that the RBA's core task is to maintain price stability and full employment. The RBA's next monetary policy decision is expected on September 29.