RBA’s Hauser says "there have been important economic developments since May and not least the chance of a US-Iran deal
- Lower oil prices are lower, but not assured yet.
- The RBA took proactive policy action to reduce excessive capacity pressures through rate hikes.
- Timely policy steps to reduce inflation could have lower unemployment costs.
- The RBA still has work to do to reduce inflation, which remains far too high.
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