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RBA minutes, Bullock's speech to shed new light on rates as Parliament returns

The Reserve Bank governor will deliver a high-profile annual address where economists expect her to address a spike in joblessness.

RBA governor Michele Bullock and the monetary policy board delivered a shock on-hold decision earlier in July. AAP Image/Dean Lewins.

Following a shock decision to keep interest rates on hold, RBA governor Michele Bullock will be back in the spotlight following a surprise jump in unemployment.

And federal politicians will be heading to Canberra for the first sitting week of the new government.

Here’s what you need to know about the key economic data releases this week.

Reserve Bank in focus

The release: Minutes of the July 2025 Monetary Policy Board Meeting

When: Tuesday 22 July 2025

What to watch: These minutes will detail the first meeting where unattributed votes of the RBA board were published. And the shock decision to leave rates unchanged wasn’t unanimous, with six in favour of no change and three voting to cut.