RBA deputy governor Hauser says public anger over inflation is understood, warns rates could rise from 4.35%
AI Market Summary
RBA Deputy Governor Hauser emphasized persistent inflation and signaled rates could rise further from 4.35% if inflation proves stronger than forecasts, reinforcing a higher-for-longer policy bias ahead of the late-September meeting. This raises Australian front-end rate expectations, tightens financial conditions, and can increase AUD rate support while pressuring rate-sensitive assets via risk-off positioning. The inflation return-to-target timeline (early 2028) underscores policy persistence.
Impact level
● Medium
Affected assets
NCFXAUD2JPY/USDT-0.05%
AI Insight · NCFXAUD2JPY/USDTAI Insight
▼ Bearish
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Reserve Bank of Australia Deputy Governor Andrew Hauser said the public is angry about elevated inflation and warned interest rates could rise further if price pressures remain high. The cash rate is currently 4.35%, and headline inflation rose to 3.5% in the year to July. The RBA projects inflation will not return to its target range until early 2028. The central bank’s board is scheduled to meet at the end of September to decide whether to hold or move rates.
