Part 3/8:
During a recent press conference, RBA Governor Michelle Bullock faced questions regarding the bank's communication strategy. She acknowledged some misinterpretation among investors, particularly around the volatile nature of the monthly Consumer Price Index (CPI) data, which the RBA considers too erratic to base significant policy decisions upon. The market's overreaction to recent CPI figures prompted some uncertainty, but the RBA clarified that the situation was corrected within weeks, emphasizing that it was a minor miscommunication.