Rates hold call cuts deep but bank governor offers hope

Australian Community Media

Reserve Bank of Australia (RBA) Governor Michele Bullock wants the public to understand "why we're doing what we're doing", after confirming the RBA’s decision to stay on hold at 3.85 per cent. Video via AAP

Transcript

00:00Not a lot of people are really certain that they know exactly what to do and exactly how to get there.

00:05I'm not quite so certain.

00:07So I try to give a bit of a feel for that.

00:11And I'm talking, I'm trying to talk to the public.

00:14I'm trying to help them to understand what we're focused on, why we're doing what we're doing.

00:21And traders and market economists and so on, they've got all this other material they can go and look at.

00:28They can look at our quarterly statements on monetary policy and see where we're going.

00:32So, no, I don't think it is.

00:34And we do lots of speeches.

00:36I just don't do as many speeches because I do this.

00:39And I do three Senate estimates and I do two House of Representatives.

00:45We're out there all the time.

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