SYDNEY—Employment in Australia is currently above the levels that are consistent with inflation falling back to target, Reserve Bank of Australia Deputy Gov. Michele Bullock said Tuesday.
In a speech to a business forum, Ms. Bullock laid out the case for why the unemployment rate will have to rise from its current 50-year lows if the inflation rate is to return to the target range of 2% to 3% over the coming years.
“Employment…