Reserve Bank of Australia Chairman Michelle Bullock said at the hearing that at the interest rate meeting more than a week later, the RBA Council will evaluate whether the currently implemented monetary austerity policies are sufficient to bring inflation back to the target range within a reasonable period of time. Bullock said that although high interest rates put a burden on people who are burdened with housing loans and face pressure on living costs, it is essential to curb inflation. Monetary policy has room to respond to changes in the situation, and the central task of the Reserve Bank of Australia is to maintain price stability and full employment. The Reserve Bank of Australia's next monetary policy decision is expected to be announced on September 29th.

Reserve Bank of Australia Chairman Michelle Bullock said at the hearing that at the interest rate meeting more than a week later, the RBA Council will evaluate whether the currently implemented monetary austerity policies are sufficient to bring inflation back to the target range within a reasonable period of time. Bullock said that although high interest rates put a burden on people who are burdened with housing loans and face pressure on living costs, it is essential to curb inflation. Monetary policy has room to respond to changes in the situation, and the central task of the Reserve Bank of Australia is to maintain price stability and full employment. The Reserve Bank of Australia's next monetary policy decision is expected to be announced on September 29th.