Reported 2 months ago
The Reserve Bank of Australia's Deputy Governor Andrew Hauser emphasized the significant uncertainty surrounding economic forecasts, stating that inflation remains sticky and will likely take longer than expected to return to target. He stressed the importance of caution in policymaking, as the current cash rate of 4.35% is deemed sufficient to manage inflation without jeopardizing employment. Despite pressure for further rate hikes, analysts predict a potential cut early next year as markets recalibrate their expectations.
Source: YAHOO