RBA Bullock: We haven’t looked at the case for a rate cut today

• But I wouldn’t say that the case for raising rates is growing.
• Very aware that high rates hurt certain sectors of the country
• Inflation also harms the population, which is why we are working to reduce it.
• Using the word “vigilant” does not mean a rate hike is coming

His remarks sound a lot like a “yes but no, but then yes” scenario. But I suppose this corresponds to their position of nothing excludes entry or exit at this point, then yes. AUD/USD is up 0.2% at 0.6623 currently, just a bit higher than around 0.6608 ahead of the RBA earlier today.