RBA’s Hauser: Inflation is too high, whichever measure you use

FXStreet · Sagar Dua ·

Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser speaks at the Sir Leslie Melville Lecture on 'Trust, Expectations and Monetary Policy' at the Australian National University, Canberra during the European trading session on Thursday.

Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser speaks at the Sir Leslie Melville Lecture on 'Trust, Expectations and Monetary Policy' at the Australian National University, Canberra during the European trading session on Thursday. His comments explicitly signaled that inflationary pressures are very high.Additional remarksBoard discussions were very lively at the last meeting.There was no attempt to do open-mouth operations for the market.I was trying to say how I see the data.Don't recognise the picture of board members being driven into a corner at board meetings.Market reactionThere has been no immediate reaction by the Australian Dollar (AUD) towards comments from RBA's Hauser. As of writing, AUD/USD is up 0.18% to near 0.7013.

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