RBA’s Bullock: Volatility in financial markets does affect sentiment, but not the economy

Reserve Bank of Australia (RBA) Governor Michele Bullock is responding to the Q&A session following her speech titled ‘Economic Conditions in Post-Pandemic Australia with a Regional Lens’ at Thursday's Rotary Club of Armidale Annual Lecture.

Key quotes

Volatility in financial markets does affect sentiment, but not the economy.

Developing story …

Market reaction

AUD/USD holds the rebound near 0.6550 following the hawkish comments from the RBA Governor. The pair is currently trading 0.53% higher on the day to 0.6552.