European Markets Wrap-Up: RBA governor Bullock: If we have to change tack on policy, we will do so

Tuesday, 17 Mar, 2026 Central Banks RBA governor Bullock: If we have to change tack on policy, we will do so The world economy actually did okay despite tariffs threat last year It is still possible that if Middle East conflict resolves, everything turns out okay But we are alert to the risks and if circumst Central Banks RBA governor Bullock: Cash rate was not high enough to bring inflation back to the target Inflation was already too high, reflecting the fact that demand was outstripping supply The cash rate was not high enough to bring inflation back to the target Higher petrol prices will add to inflati Learn more Forex Aussie dollar sees a mixed reaction as the RBA delivers another rate hike today There's quite a bit to break down from the decision earlier, with traders still digesting it all ahead of RBA governor Bullock's press conference at the bottom of the hour. In case you missed it: Rese News investingLive Asia-Pacific FX news wrap: RBA raised its cash rate by 25bp Reserve Bank of Australia raise its cash rate by 25bps, as widely expected BOJ's Ueda says inflation rising toward 2% ahead of policy meeting - recap Tanker struck near Strait of Hormuz as UK maritime Central Banks Reserve Bank of Australia raise its cash rate by 25bps, as widely expected Reserve Bank of Australia vote was (almost) evenly split at 5-4. Summary: The Reserve Bank of Australia raised its cash rate by 25 basis points to 4.1%, delivering a surprise tightening in a narrow 5– Central Banks BOJ's Ueda says inflation rising toward 2% ahead of policy meeting - recap BOJ Governor Ueda reiterates inflation progress and wage growth focus ahead of policy meeting. Summary: Bank of Japan Governor Kazuo Ueda reiterated that underlying inflation is gradually accelerating Commodities Tanker struck near Strait of Hormuz as UK maritime agency warns ships A tanker was struck by a projectile near Fujairah in the Gulf of Oman, prompting a shipping warning near the Strait of Hormuz. Summary: A tanker was struck by an unknown projectile while at anchor in Central Banks Australian confidence hits pandemic low as inflation expectations surge before RBA hike Australian consumer confidence hits pandemic-era lows while inflation expectations surge ahead of an expected RBA rate hike: Australian dollar supported as markets bet on RBA rate hikes - preview of t Learn more Central Banks Fed faces new inflation shock as Middle East war cuts rate-cut odds this year to 47% Earlier: Morgan Stanley sees Fed cuts starting June, warns oil at $125–$150 raises recession risk --- A new energy shock linked to the Middle East conflict is complicating the Federal Reserve's path t

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