By James GlynnSYDNEY--Australia isn't falling behind other countries in the fight against inflation, RBA Governor Michele Bullock told a payments conference. Asked if Australia wasn't keeping up with the rate at which inflation was falling in other countries, Bullock said no, adding that the RBA was taking a "more cautious" approach to policy tightening to preserve recent gains in the job market. Bullock recently said inflation pressures are now home-grown, and can't be blamed on global factors, and have yet to signal the end of the tightening cycle. The RBA left its official cash rate steady at 4.35% last week on news that inflation was lower than expected in October and retail sales were weak. Write to James Glynn at James.Glynn@wsj.com(END) Dow Jones NewswiresDecember 11, 2023 18:39 ET (23:39 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal December 11, 2023 23:43 UTC