![\"Reserve](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/07\/https:\/\/prod.static9.net.au\/fs\/22065e09-0352-4691-9341-16959d3d1a2c.jpeg\")
Governor of the RBA Michele Bullock is remaining coy on whether an interest rate cut is on the way. (Dominic Lorrimer)<\/p>\nRBA Governor Michele Bullock has warned crucial inflation data may not come in as low as expected next week, casting some doubt over a potential interest rate cut in August.<\/p>\n
However, such a call rests on crucial quarterly data released next week, and Bullock warned that figure could come in higher than hoped.<\/p>\n
“We expect trimmed mean inflation to fall a little further in the June quarter in year-ended terms,” she told the Anika Foundation fundraising lunch on Thursday.<\/p>\n
“However, the monthly CPI Indicator data, which are volatile, suggest that the fall may not be quite as much as we forecast back in May.<\/p>\n
“We still think it will show inflation declining slowly towards 2.5 per cent, but we are looking for data to support this expectation.”<\/p>\n
Governor of the RBA Michele Bullock is remaining coy on whether an interest rate cut is on the way. (Dominic Lorrimer)<\/p>\n
The news won’t be well received by many Australians who have been hit by high interest rates and cost-of-living pressures for the last three years.<\/p>\n
However, while acknowledging the stress many Australians are under, Bullock said cost-of-living relief was on the way.<\/p>\n
“Encouragingly, as inflation has slowed, the labour market has eased only gradually and the unemployment rate is relatively low,” she said.<\/p>\n
“We also know that Australians continue to feel cost-of-living pressures, with the average level of prices now notably higher than it was just a few years ago.\u00a0<\/p>\n
“That is why we want to make sure that inflation remains low and stable from here on in.”\u00a0<\/p>\n
“Low and stable inflation is good for households, good for jobs, good for communities and good for the economy.”<\/p>\n","protected":false},"excerpt":{"rendered":"RBA Governor Michele Bullock has warned crucial inflation data may not come in as low as expected next…\n","protected":false},"author":2,"featured_media":18326,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-18325","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/18325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=18325"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/18325\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/18326"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=18325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=18325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=18325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}