Opinion

Economics Writer May 8, 2026 — 5:00am

Reserve Bank governor Michele Bullock is pretty good at holding a line. She can identify when journalists are trying – sometimes quite sneakily – to get her to give what’s called “forward guidance”: a sense of what the next interest rate moves might be. And she very often sidesteps those questions with a knowing smile.

This week, though, she did something a little unusual. Instead of putting on her poker face and batting away probing questions about future moves, she gave journalists – and the public – a bit more to work with.

RBA governor Michele Bullock has pushed back against suggestions the bank is taking a “wait and watch” approach.…