RBA gov Michele Bullock doubles down on "no rate cuts"; flags China slowdown as a risk

Reserve Bank governor Michele Bullock has doubled-down on her warning that it's too early to be thinking about cutting interest rates. Fronting a parliamentary hearing in Canberra, Ms Bullock said inflation was still too high and not expected to return to the RBA's target band until the end of next year .. meaning mortgage relief for borrowers is a long way off. The ABC's senior business correspondent Peter Ryan has been watching the hearings.