Deputy Governor Andrew Hauser speaking in an interview on Bloomberg TV:
- Hard to see bad news in the latest jobs data
- No single piece of data will trigger a rate decision (Hauser referring to inflation data)
- Monthly CPI data in Australia is incomplete, have to wait for quarterly data
- Market curve assumes there will be three or four more cuts, RBA is not so sure
- Models show inflation will undershoot mid point of band even if interest rates held constant
- RBA focus is still on inflation
- Global economy is a risk – uncertainty may weigh on Australian economy
This article was written by Eamonn Sheridan at www.forexlive.com.
