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.
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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
Australian Westpac Consumer Confidence Index (Apr) 80.1 (Prev. 91.6)
Australian Westpac Consumer Confidence Change (Apr) -12.5% (Prev. 1.2%)
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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.
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