Opinion

Senior economics correspondent November 4, 2026 — 7:54pm

November 4, 2026 — 7:54pm

Reserve Bank governor Michele Bullock doesn’t do snark.

But she was snark-adjacent on Tuesday afternoon during her press conference in which she explained the bank’s decision to whack the economy with its fifth rate rise this year .

The first case of Bullock near-snark appeared when she was asked about a particular economist who had argued the bank needed to push the official cash rate beyond 6 per cent while other experts had warned the RBA was likely to push the country into recession .

Michele Bullock doesn’t do snark. But Donald Trump does – and that matters to the global economy. Dominic Lorrimer

“One thing they have in common is they are entirely certain about what needs to be done,” she said of the critics.…