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 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. 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.