RBA Deputy Governor Hauser says not sure interest rates are at the right level to tame inflation, adds rates need to bring inflation to the 2-3% target and that Q2 headline inflation is around 5% due to fuel costs

The RBA Deputy Governor's comments suggest a dovish sentiment, indicating uncertainty about current interest rate levels in effectively controlling inflation. With headline inflation at approximately 5% and the target set between 2-3%, this implies potential for future rate adjustments if inflation remains stubbornly high, which could influence AUD and fixed income markets.