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
308
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 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
- The Federal Reserve cut interest rates by 25 basis points as scheduled, removing the statement 'greater confidence in inflation continuing to move towards 2%' (full text of the statement)
- FED's' big hawks' release doves: Trump's tariff stick may not exacerbate inflation, December may see interest rate cuts!
- Is inflation really under control in the United States? Apollo Co Chairman: Beware of Some 'Catalysts'
- Federal Reserve Governor Cook: Inflation is still falling, it is appropriate to continue cutting interest rates
-
知名做空机构香橼研究(Citron Research)周四(11月21日)在社交媒体平台X上发布消息称,该公司已决定做空“比特币大户”微策略(Microstrategy)这家公司,并认为该公司已经将自己变身成为一家比特币投资基金 ...
- caffycat
- 8 小时前
- 支持
- 反对
- 回复
- 收藏
-
每经AI快讯,11月20日,文远知行宣布旗下自动驾驶环卫车S6与无人扫路机S1分别在新加坡滨海湾海岸大道与滨海艺术中心正式投入运营。据介绍,这是新加坡首个商业化运营的自动驾驶环卫项目。 ...
- star8699
- 前天 19:48
- 支持
- 反对
- 回复
- 收藏
-
上证报中国证券网讯(记者王子霖)11月20日,斗鱼发布2024年第三季度未经审计的财务报告。本季度斗鱼依托丰富的游戏内容生态,充分发挥主播资源和新业务潜力,持续为用户提供高质量的直播内容及游戏服务,进一步 ...
- goodfriendboy
- 前天 20:09
- 支持
- 反对
- 回复
- 收藏
-
人民网北京11月22日电 (记者栗翘楚、任妍)2024广州车展,在新能源汽车占据“半壁江山”的同时,正加速向智能网联新能源汽车全面过渡,随着“端到端”成为新宠,智能驾驶解决方案成为本届广州车展各大车企竞 ...
- 3233340
- 2 小时前
- 支持
- 反对
- 回复
- 收藏