RBA Deputy Governor Hauser says Australia's economy is not just 'dig it and ship it', many parts of the economy are doing quite well, adds inflation is too high which they can't let persist and will do what is needed to return it to the band

RBA Deputy Governor Hauser says Australia's economy is not just 'dig it and ship it', many parts of the economy are doing quite well, adds inflation is too high which they can't let persist and will do what is needed to return it to the band.

RBA Deputy Governor Hauser's comments suggest a nuanced view of the Australian economy, highlighting strength beyond just commodity exports while recognizing persistent inflation as a key concern. His commitment to returning inflation to target indicates that rate adjustments may be forthcoming, potentially impacting AUD and influencing market sentiment toward the currency. Traders should watch for shifts in expectations regarding monetary policy as these comments reflect a definitive stance on inflation control.