Michele Bullock

Rule Changes

Led the November 3 decision to raise the cash rate to 4.85%, the highest since 2008

The Reserve Bank of Australia raised its benchmark cash rate by a quarter point to 4.85% on November 3, the fifth increase this year and the highest level since 2008. The bank cited persistent inflation and rising energy costs linked to the Iran war.

Updated Nov 3

Money Moves

Has hinted at a rate hike at the November 3 meeting

Australian home values fell again in October, the seventh straight monthly decline. After the September drop, values were 5.2% below March's peak, and sales volumes over the past three months were down 19% from a year earlier.

Updated Nov 2