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The Guardian - AU
The Guardian - AU
Business
Luca Ittimani and Patrick Commins

RBA governor dismisses jobs fears but hints at rates hold after inflation uptick

RBA Michele Bullock Inflation Belinda Allen Barrenjoey Unemployment
Michele Bullock, governor of the RBA, will be hoping to engineer a soft landing for the economy.
Michele Bullock, governor of the RBA, will be hoping to engineer a soft landing for the economy. Photograph: Lukas Coch/AAP

The Reserve Bank governor has dismissed warnings of rising unemployment and hinted at an interest rate hold, saying the labour market will not “fall off a cliff”.

Michele Bullock said the RBA had been surprised by September’s jump in joblessness and an uptick in inflation but emphasised job creation was slowing broadly as the RBA expected.

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