RBA Assistant Governor Hunter says need to assess extent to which recent rise in inflation is temporary, adds labour market has stabilised recently, but remains a bit tight; expects labour markets to remain tight and inflation above target for some time
RBA Assistant Governor Hunter's comments signal a cautious approach to the recent inflation spike, suggesting that while some inflationary pressures might be temporary, the labor market remains tight and could support persistent inflation above target.
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RBA Assistant Governor Hunter says need to assess extent to which recent rise in inflation is temporary, adds labour market has stabilised recently, but remains a bit tight; expects labour markets to remain tight and inflation above target for some time
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This underlines the likelihood of a sustained period of elevated rates and may influence market expectations for the RBA's next policy moves or guidance.
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