RBA did not lose focus on inflation, says deputy governor
Hauser says last year’s cuts were based on assumption that price levels in Australia would be lower
The Reserve Bank of Australia will remain “100% focused” on its inflation target, its deputy governor has said, following the suggestion by an opposition politician that its dual price stability and full employment mandate should be reviewed.
Speaking on a podcast on February 24, Andrew Hauser said the RBA was statutorily obliged to focus on its 2–3% inflation target. “When we were cutting rates last year, our forecasts… were for inflation to come down gradually to the 2.5% midpoint of the range
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