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The Guardian - AU

National

Peter Hannam

Bullock is sending a message to politicians: rate cuts or big spending promises – you can only have one

Michele Bullock RBA Reserve Bank the Reserve Bank Inflation

Michele Bullock — Governor of the Reserve Bank of Australia, Michele Bullock, is apparently in no hurry to bring relief to borrowers. Photograph: Bianca de Marchi/AAP

Forget about the Reserve Bank cutting interest rates by Christmas – and you can probably douse your hopes for a pre-Easter reduction too.

Reserve Bank governor Michele Bullock made it clear after her board ended its two-day gathering on Tuesday by leaving the cash rate where it’s sat for the past year that she’s in no hurry to bring relief to borrowers.

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