RBA's Deputy Governor Hauser highlights tackling inflation as the top challenge for policymakers, with Australia potentially resuming interest rate hikes if inflation doesn't decrease.
RBA's Deputy Governor Andrew Hauser says tackling inflation is the top challenge for policymakers. Hauser emphasizes Australia's full-employment mandate, which justifies running a lower benchmark interest rate than other global counterparts. Money markets forecast that Australia may need to resume raising interest rates if inflation doesn't decrease, making it an exception to the global post-pandemic tightening cycle.
June 02, 2024
7 Articles