BIS SPEECHEScentral bank
Understanding supply shocks and their implications for monetary policy
Hawkish Score0Neutral
Trailing 2 speeches
Speaker DriftSarah Hunter · 3 speeches in 12motrend: shifting dovish
−100neutral band ±25+100
What changed vs prior statement
- 01Current statement emphasizes "supply shocks" affecting monetary policy, reflecting a shift in focus from inflation to broader economic conditions.
- 02Key term "patient" removed; "data-responsive" introduced, indicating a more proactive stance on adjusting monetary policy.
- 03No vote-record change from prior statement.
From the original
Address by Ms Sarah Hunter, Assistant Governor (Economic) of the Reserve Bank of Australia, to the Australian Conference of Economists, Canberra, 8 July 2026.