Reserve Bank of Australia Governor Addresses Economic Outlook Post Rate Hike
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On February 6, 2026, Reserve Bank of Australia (RBA) Governor Michele Bullock addressed the House of Representatives Standing Committee on Economics, following the RBA's recent decision to raise the official cash rate by 25 basis points to 3.85%. Governor Bullock emphasized that the rate hike was a response to renewed, broad-based inflation and tighter capacity constraints within the economy. She highlighted that inflation had picked up materially in the second half of 2025, with underlying price pressures and strong private demand proving more persistent than previously expected. The RBA now anticipates that inflation will not return to the 2–3% target band until mid-2027. Governor Bullock also noted that the labor market remains tight, with unemployment averaging 4.2% in the fourth quarter of 2025.
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Key Entities
- • Reserve Bank of Australia (RBA) - Australia's central bank responsible for monetary policy and financial stability.
- • Michele Bullock - Governor of the Reserve Bank of Australia, overseeing the country's monetary policy decisions.
Bias Distribution
Multi-Perspective Analysis
Left-Leaning View
Left-leaning outlets may frame the story as a critique of the RBA's rate hike, arguing that it disproportionately affects low-income households and exacerbates inequality, while calling for more government intervention to address inflation and support vulnerable communities.
Centrist View
Center outlets are likely to present a balanced view, reporting on the RBA's rationale for the rate hike as a necessary measure to combat inflation while acknowledging the potential impacts on borrowers and the economy.
Right-Leaning View
Right-leaning media may emphasize the RBA's decision as a prudent step towards stabilizing the economy, praising Governor Bullock for taking decisive action against inflation and advocating for fiscal responsibility.
Source & Verification
Source: Investinglive
Status: Confirmed
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