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The Guardian - AU

National

Peter Hannam Economics correspondent

No interest rate cut in the near term and you may have to sell your house: key takeaways from RBA governor’s speech

Michele Bullock RBA Economy Inflation Sarah Hunter

The Reserve Bank of Australia governor Michele Bullock delivers a speech on the costs of high inflation in Sydney on Thursday. — The Reserve Bank of Australia governor Michele Bullock delivers a speech on the costs of high inflation in Sydney on Thursday. Photograph: Bianca de Marchi/AAP

The Reserve Bank governor, Michele Bullock, has warned some Australians may have to sell their homes in her first public comments on the state of the economy since the release on Wednesday of June quarter GDP figures.

Here are five key takeaways from Bullock’s speech on Thursday to the Anika Foundation fundraising lunch in Sydney.

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