RBA’s Bullock: Recent data suggest we are on right track

Reserve Bank of Australia (RBA) Governor Michele Bullock is speaking on the policy outlook at a press conference following the announcement of the March monetary policy decision on Tuesday.

Bullock is responding to questions from the media, as part of a new reporting format for the central bank.

Key quotes

We are making progress in fight against inflation.

Recent data suggest we are on right track.

Keeping keen eye on employment numbers.

Risks to outlook are finely balanced.

War isnt yet won on inflation.

developing story ....

Market reaction

AUD/USD is holding lower ground near 0.6530 on the above comments, down 0.31% on the day.