RBA’s Bullock: We Are Weighing Whether Policy Tightening Is Sufficient

Bullock's framing puts the burden of proof on the data rather than signalling a finished tightening cycle, which keeps the rate path genuinely undecided rather than merely paused. Her remark that the fall in house prices has not been large is the more telling detail: housing wealth is a key transmission channel for Australian monetary policy, so limited price damage reduces the pressure to ease on financial-stability grounds. The open question is whether the data flow forces a firmer conclusion in either direction, and how that reads through to rate-sensitive assets, including the local crypto market.