RBA’s Bullock: Cautious Members Haven’t Ruled Out Rate Hike, Want More Data

Bullock's remarks signal that the RBA's policy debate is not closed, even among those inclined to hold, which keeps a tightening bias alive without committing to action. For rate-sensitive sectors and the Australian dollar, the emphasis on data dependence means each CPI and employment print carries outsized weight. The open question is whether the cautious camp's demand for more evidence proves a delay or a durable pause.