SYDNEY (Reuters) – The head of Australia’s central bank on Thursday said the strong third-quarter inflation report was about where policymakers thought it would come, and they would build the data into the latest economic forecasts to see the implications for policy.
Appearing before lawmakers, Reserve Bank of Australia Governor Michele Bullock said goods inflation is coming down but services inflation is higher than what policymakers were comfortable with.
This is Bullock’s first such appearance after assuming the role of governor in mid-September.
(Reporting by Stella Qiu; Editing by Leslie Adler)
