SYDNEY, April 12 (Reuters) - Australian interest rates
are in restrictive territory after a rapid fire series of hikes
allowing for a pause in tightening to judge the impact on the
economy, a top central banker said on Wednesday.
In a panel discussion on monetary policy, Reserve Bank of
Australia (RBA) Deputy Governor Michele Bullock also said the
recent bout of stress in the global banking system did not play
a part in the RBA's decision to pause its hikes this month.
Rather, rates had risen by a steep 350 basis points in 10
months allowing the RBA to "stop for a minute and watch" how the
economy evolved, Bullock said.
(Reporting by Wayne Cole
Editing by Shri Navaratnam)
Messaging: wayne.cole.thomsonreuters.com@reuters.net))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.