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RBA’s Hauser warns of rate hike if inflation risks crystallize
Andrew Hauser said the RBA could lift rates again if inflation stays elevated, after policymakers held the cash rate at 4.35% for a second meeting.
- On Wednesday, Reserve Bank of Australia Deputy Governor Andrew Hauser warned that interest rates could rise again if upside inflation risks materialize, reiterating a hawkish stance after the central bank held rates steady.
- The RBA held the cash rate at 4.35 per cent last week, though officials remain concerned the economy has not slowed sufficiently to restrain stubborn inflationary pressures despite slower consumption and employment growth.
- Hauser identified three upside risks to inflation in a Brisbane speech: the Middle East conflict, the global AI boom affecting tech prices, and weak domestic productivity growth.
- Markets imply a 60 per cent chance of a rate increase to 4.6 per cent by December, while June quarter wage data showed annual growth slowed to 3.2 per cent.
- EY senior economist Paula Gadsby noted that the wage price index should reassure the RBA that a wage-price spiral is not occurring, even as cost-labour measures remain elevated.
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RBA's Hauser warns of higher rates if inflation risks crystallise
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·Ra'anana, Israel
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Total News Sources13
Leaning Left2Leaning Right3Center3Last UpdatedBias Distribution38% Center, 37% Right
Bias Distribution
- 38% of the sources are Center, 37% of the sources lean Right
38% Center
L 25%
C 38%
R 37%
Factuality
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