RBA Prepares to Assess Impact of Monetary Policy Tightening

Australia's Reserve Bank (RBA) is preparing to assess whether its current monetary policy tightening is sufficient to bring inflation back under control, Governor Michele Bullock said on September 17, 2026. The RBA aims to reduce inflation to target levels within a reasonable timeframe, acknowledging the challenges posed by rising interest rates for homeowners with increasing living costs.

Bullock emphasized the importance of maintaining price stability and full employment, stating that monetary policy remains adaptable to evolving circumstances. The next RBA decision on interest rates is expected on September 29.