RBA Governor Michele Bullock said the Bank can tolerate some of the direct inflation impact from supply shocks such as higher oil prices, but cannot ignore the risk that those pressures spread through the economy and become persistent. Speaking at a CEDA fireside chat on Tuesday, Bullock said monetary policy faces a more difficult trade-off […]The post Why Can’t the RBA Simply Look Through Higher Oil? Bullock Explains the Second-Round Risk appeared first on ActionForex.