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      RBA Governor Bullock Testifies as Markets Anticipate Rate Hike

      Reserve Bank of Australia (RBA) Governor Michele Bullock is set to appear before the House of Representatives Standing Committee on Economics today, accompanied by Deputy Governor Andrew Hauser and other senior officials. This routine parliamentary hearing is not a scheduled monetary policy speech, but it comes at a crucial time as markets are pricing a 70 to 75 percent chance of a further 25 basis point increase in the cash rate at the RBA's upcoming meeting on September 28-29.

      The RBA has been in a rate hiking cycle since early 2026, having raised the cash rate by 25 basis points at each of its first three meetings this year, bringing it to 4.35%. The central bank has held steady at its last two meetings, citing the need for previous increases to take effect amid signs of a slowing economy. Inflation remains a key concern, with the RBA's preferred trimmed mean measure at 3.6% annually as of July, still above the target range of 2 to 3%.

      Bullock's testimony is expected to address inflation and labor market conditions, which could influence market expectations ahead of the next policy decision. The RBA's stance on fiscal policy and its interaction with inflation is also a point of contention, with Bullock previously indicating that government spending can complicate the central bank's efforts to control inflation. This dynamic may be a topic of discussion during today's hearing, although both the RBA and the government have generally avoided public confrontation on the issue.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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