RBA Governor Michele Bullock Blames Supply Shortages for Rising House Prices 🏡

Reserve Bank Governor Michele Bullock denied responsibility for the surge in house prices during the COVID pandemic, instead attributing it to a lack of supply. The currency markets had a flat day, with gold prices remaining near record highs. The Australian market was lower on the day and the week, but is still hovering around its record highs, while global markets declined.