RBA Shifts Focus to Inflation Fight as Job Concerns Take Backseat

Reserve Bank of Australia (RBA) governor Michele Bullock has made it clear that fighting persistent inflation is now the priority, even if it means impacting employment. This shift in focus comes after five years of price pressures.

Bullock emphasized that while the RBA hopes to minimize job losses with a near-certain rate rise later this month and potential further monetary tightening, the central bank will do what it takes to address inflation.