Hauser denies pressuring RBA board with market-moving speech
Australian Financial Review · John Kehoe ·
The deputy governor rejected allegations a public appearance coerced his monetary policy colleagues before the board lifted borrowing costs to an 18-year-high.
Reserve Bank of Australia deputy governor Andrew Hauser says he was not trying to signal that an interest rate rise was coming a fortnight before an official meeting, nor publicly pressure other board members into tightening monetary policy, amid private disquiet at the top of the central bank.
The Australian Financial Review reported on Thursday that some of the seven external board members on the nine-person RBA monetary policy board felt Hauser’s public remarks – which moved money markets – and a television appearance by assistant governor Sarah Hunter had infringed on their independence and given the impression of a preordained decision.
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