Education union boss says Dutton's attacks on 'woke agenda' send dangerous about role of knowledge

Education union boss says Dutton's attacks on 'woke agenda' send dangerous about role of knowledge

On February 21, 2025, the Governor of the Reserve Bank of Australia (RBA), Michele Bullock, delivered a speech before the House of Representatives Economics Committee. She addressed the impact of U.S. import tariffs, which could negatively affect economic growth. However, she noted that the impact on inflation remains uncertain due to variations in exchange rates and international trade patterns.

Additionally, Bullock expressed caution regarding future interest rate cuts, stating that such decisions would depend on economic data. Although the RBA recently cut the interest rate by 0.25% to 4.1%, concerns remain about the risk of inflation rebounding. (reuters.com)

She also acknowledged that the RBA had been too slow in raising interest rates after the COVID-19 pandemic, calling it an important lesson for future monetary policy management.