PROGRESS 2050: Toward a prosperous future for all Australians

Progress 2050

Economy

Annual Dinner address by Michele Bullock

"Looking ahead for Australia, RBA staff expect inflation to return sustainably to the 2.5 per cent midpoint of the target range by late 2026 as restrictive financial conditions gradually bring the economy and labour market into better balance."

We recently heard from Reserve Bank of Australia Governor, Michele Bullock, as she delivered her first Annual Dinner address in Sydney. The Governor spoke about inflation, technological changes and geopolitical dynamics which continue to shape Australia's economy.

A Q&A session, led by Allens Managing Partner, Richard Spurio, also allowed the Governor to answer audience questions on productivity, international economic implications and rate cuts.

The event also marked Diane Smith-Gander's final public event as CEDA Chair — a role which she has held since 2019, helping to lead the organisation through many milestones and achievements.