Stephen Koukoulas
speaker
2,280 appearances
23 recordings
2 series
first heard Apr 2026
last heard 13 Sep
Stephen Koukoulas’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 23 in all, peaking in May 2026 with 6.
Appearances
Look, the RBA does not move in lockstep with the U.S.
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Federal Reserve.
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For example, we had had three interest rate hikes in the first half of this year when the Fed had done nothing.
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So we do play our own game.
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However, and that's in capital letters underlined in bold, what happens in the U.S.?
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?
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is important to the Australian economy, to the world economy.
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And again, just remember, Michael, that in the last couple of weeks, we've had rate hikes from the European Central Bank, from the Bank of Japan, even our friends in New Zealand hiked a couple of weeks ago.
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So you've got this inflation problem in the US that is being experienced everywhere else.
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Other central banks are responding to it.
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And so, as I said, while we don't move in lockstep with the US, the fact that the US has an inflation problem
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The Fed is now working double time and a half to try to rein in that inflation risk.
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It means that we've got to do pretty much the same thing.
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We are still confronting that higher oil price.
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It is still permeating its way through the economy.
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We are probably, as the RBA governor said at the end of last week in a House of Reps testimony, we still have more, unfortunately, upside inflation risks than downside inflation risks.
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Spot on.
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That's exactly the issue.
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And the interesting thing too there, Michael, is it's not just the oil price.
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And while a lot of commodity prices are extremely volatile, you've got these broader measures of commodity prices, things like base metals, that we've got other energy costs.
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Showing 21–40 of 2,280 · page 2 of 114
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