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RBA's Bullock says supply shocks hard for policy to manage, flags second round risk
The screenshot is of the Kiwi, getting a push higher from Reserve Bank of New Zealand Governor Breman earlier:RBNZ's Breman says higher oil prices point to firmer near-term inflationBack to Bullock ...The two comments released so far are limited in scope, but they reinforce rather than shift the haw
Why it matters
AUD/USD (Australian Dollar / US Dollar) · Why linked: RBA Governor Bullock's comments on supply shocks and inflation risks directly affect AUD monetary policy expectations. Market context: Caution from Bullock on second-round inflation risks may temper RBA easing bets, supporting AUD.
NZD/USD (New Zealand Dollar / US Dollar) · Why linked: RBNZ Governor Breman's hawkish comments on oil-driven inflation also impact NZD rate expectations. Market context: Firmer near-term inflation outlook signaled by Breman may support NZD in the short term.
CL (Crude Oil (WTI)) · Why linked: Breman's reference to higher oil prices driving near-term inflation directly involves crude oil. Market context: Higher oil prices noted by RBNZ leadership keep inflation risks elevated, which can sustain oil prices.
How CL usually react
This story is too recent for its own reaction record — we score each asset against the actual price move 24h after publication. These are the long-run figures across every event we have tracked for them.
| Asset | Events | Avg max move | Closed lower |
|---|---|---|---|
| CL | 114 | +3.05% | 37% |
Curated by Newsig — News in. Signal out.
How the reaction data is measured · Editorial policy