SYDNEY, Dec 3 (Reuters) - Australia's top central banker said on Wednesday that the economy was likely already at its potential growth limit, adding that the output gap has probably closed.
Speaking before lawmakers, Reserve Bank of Australia Governor Michele Bullock said the labour market was still a bit tight as the central bank had forecast, but inflation has surprised on the upside.
Australia's consumer inflation accelerated to 3.8% in October, while the trimmed mean measure of core inflation also picked up back above the target band of 2-3%, closing the door for any more policy easing.
(Reporting by Stella Qiu; Editing by Leslie Adler)
