Australian Dollar: RBA keeps hawkish bias on inflation – BNY
BNY’s Geoff Yu reports the Reserve Bank of Australia remains concerned about inflation, with Deputy Governor Andrew Hauser saying further rate hikes cannot be ruled out.
BNY’s Geoff Yu reports that the Reserve Bank of Australia (RBA) remains concerned about inflation, with Deputy Governor Andrew Hauser stating that further rate hikes cannot be ruled out. Hauser highlighted external risks such as Middle East-driven fuel costs and domestic factors like weak productivity and limited growth. He warned that if inflation pressures rise and fail to fall, the RBA will increase rates again.
The RBA continues to express a hawkish stance on inflation, despite leaving the cash rate unchanged at its last meeting, indicating officials' vigilance towards both international and domestic inflation risks.
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