Michele Bullock’s ‘wild ride’ at the RBA could spell trouble for Labor if interest rate cuts aren’t on the way

Growth has slowed, but employment is up – could the new year bring mortgage repayment relief?

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Michele Bullock, the Reserve Bank governor, concluded her final public appearance in 2024 saying, “it’s been a bit of a wild ride for me”.

Given the RBA hadn’t budged interest rates a jot for the whole year – the previous move was the November 2023 hike – assembled journalists might have wondered how Bullock will describe a concerted shift in either direction.

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