The Chairman of the Federal Reserve of Australia commented on the Israeli-Palestinian conflict: one of the obstacles to curbing inflation, difficult to ignore
海角七号
发表于 2023-10-18 14:36:02
297
0
0
Michelle Bullock, the new chairman of the Federal Reserve of Australia, pointed out that bringing inflation back to target levels faces a series of obstacles, including high service prices and ongoing global shocks such as the Israeli-Palestinian conflict.
Bullock said, "There are several things that suggest that reducing inflation will be difficult, including price pressures from delivery shops to barbershops, as well as ultra-low unemployment rates." Secondly, policymakers often overlook the negative supply shocks brought about by global events, but this time they find it difficult to do so. The problem is that we have been hit again and again, and the higher the inflation, the more people adjust their inflation thinking, even if it is a supply shock. Inflation may become more deeply ingrained, which is the challenge
This is Bullock's first public appearance since taking control of the Beauty Australia Federal Reserve, and she did not specifically discuss the prospects of monetary policy. Since May 2022, under the leadership of former Chairman Lowe, the Federal Reserve of Australia has raised interest rates by 4 percentage points to control inflation far above the 2% -3% target. Economists expect the Australian Federal Reserve to raise interest rates for the last time as early as next month, raising the cash rate to 4.35%.
The market is paying attention to the monthly employment data released on Thursday and the third quarter inflation report released next week, looking for signs of what action the Federal Reserve of Australia will take. The central bank will also release its staff's latest quarterly economic forecast at its policy meeting on November 7th. Bullock said, "This is a challenging economic environment. What we are observing is that monetary policy is starting to take effect. We are seeing consumption slowing down
Australia's benchmark policy interest rate is lower than many other developed countries, although inflation is at least as high. The Australian Federal Reserve has raised interest rates by 4 percentage points in its current tightening actions, which is lower than the 5.25 percentage point increase in the United States and New Zealand. We are working hard to bring inflation down within a reasonable period of time while maintaining employment growth, rather than truly paralyzing the economy, "Bullock said
Australia's economic data is mixed. Enterprises are better able to cope with higher borrowing costs than households, and consumer sentiment is in an "extremely pessimistic" region. Over the past year, Australia's unemployment rate has hovered near its lowest level since the 1970s, and the labor market has been proven to be resilient. The residential real estate market has also unexpectedly rebounded strongly this year. Bullock said on Thursday that the real estate market "surprised me a bit".
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- The US stock market collectively closed higher, Tesla rose nearly 3%! Meta claims to restore Trump's Facebook account! JPMorgan CEO warns: US inflation may continue to exceed expectations
- Federal Reserve officials enter a period of silence, economists lower US inflation expectations
- Global highlights next week: US key inflation report released, Middle East's soaring flames indicate an escalation of the situation
- Yabao's Australian factory partially shut down. Industry insiders: The impact on lithium prices is not significant. It depends on whether to stop mining
- The three-year inflation expectation in the United States has fallen to a historic low, and the Federal Reserve's September interest rate cut is imminent
- Next week's global highlights: The Federal Reserve's most favored inflation indicator will be released, and Nvidia's financial report will test AI trading
- The most important inflation indicator of the Federal Reserve has been revealed, and how is the situation in the Middle East developing
- Former US Treasury Secretary says: The Federal Reserve cannot cut interest rates too much, otherwise inflation will come back!
- IQiyi Exclusive Broadcast! The Chinese national football team's match against Australia in the round of 18 of the World Cup qualifiers will not be broadcasted by CCTV
- Go long on gold and Bitcoin! Legendary investor: No matter who is elected president, inflation in the United States will rise
-
【科技记者古尔曼:苹果计划于12月第一周发布iOS 18.2系统更新 带来更多人工智能功能】科技记者古尔曼透露,苹果计划于12月第一周发布iOS 18.2系统更新。iOS 18.2将为iPhone 15 Pro机型和所有iPhone 16机型带来更多 ...
- cristianna
- 昨天 17:32
- 支持
- 反对
- 回复
- 收藏
-
近日,爱立信中国区总裁方迎在接受《经济参考报》记者采访时表示,5G技术在全球范围内得到了迅速发展,但面临商业潜力未能充分挖掘、网络运营难度较以往更高两大挑战。因此,运营商在继续5G网络部署的同时,应关 ...
- blueskybb
- 昨天 15:05
- 支持
- 反对
- 回复
- 收藏
-
【特斯拉首次聘请了一位品牌大使】特斯拉近日公布了首位品牌大使韩国奥运射击选手金艺智,这一举动有些出人意料,毕竟它曾经对广告的态度十分不屑。 ...
- xyyg
- 昨天 13:34
- 支持
- 反对
- 回复
- 收藏
-
证券时报网讯,纽约州共同退休基金在第三季度对一些科技巨头的股票进行了调整。该基金是美国第三大公共养老金,管理着2677亿美元的资产。该基金三季度出售了231,600股Palantir 股票,将其持股数量降至110万股。 ...
- LEMONKEITH
- 昨天 15:12
- 支持
- 反对
- 回复
- 收藏