RBA’s Bullock Says Goal Is to Tighten in a Measured Way

The notable signal here is procedural rather than numerical: aligning board meetings with the ABS inflation release effectively shortens the lag between data and decision, which matters for how quickly policy can respond to price pressures. The explicit denial of a wage-price spiral, alongside the preference for measured tightening, suggests the RBA is trying to keep expectations anchored while avoiding an abrupt tightening path. Whether that framing holds as inflation data arrives, and whether the meeting-schedule change alters the perceived reaction function, is the open question.