SYDNEY (Reuters) -Australia’s central bank will be on alert to the risk that economic outlook may change, but the flow of data has been roughly in line with its expectations, its governor said on Monday.
Appearing before lawmakers, Reserve Bank of Australia Governor Michele Bullock said the recent rate cuts were expected to support spending by households and businesses, but on the other side, the global environment was uncertain and unpredictable.
“Since the August meeting, domestic data have been broadly in line with our expectations or if anything slightly stronger – the Board will discuss this and other developments at our meeting next week,” Bullock said.
The central bank indicated this month that it was close to achieving both of its mandates, inflation and employment. Inflation wa