RBA Chairman Michelle Bullock's statement at the Australian Parliament hearing was interpreted as hawkish. Treasury bond futures declined slightly, and the Australian dollar strengthened against the US dollar. Bullock said that the risk of upward inflation is showing. It is necessary to assess whether the previous rate hikes were sufficient. Traders currently prefer full pricing, and the RBA's interest rate meeting later this month is expected to raise interest rates by 25 basis points.

RBA Chairman Michelle Bullock's statement at the Australian Parliament hearing was interpreted as hawkish. Treasury bond futures declined slightly, and the Australian dollar strengthened against the US dollar. Bullock said that the risk of upward inflation is showing. It is necessary to assess whether the previous rate hikes were sufficient. Traders currently prefer full pricing, and the RBA's interest rate meeting later this month is expected to raise interest rates by 25 basis points.