RBA Can and Will Bring Down Inflation, Deputy Governor Says
- Hauser was speaking publicly for first time since taking role
- Pushed back at suggestion RBA is out of sync with global banks
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Australia’s central bank can and will bring down inflation, Deputy Governor Andrew Hauser said on Friday, warning that unchecked price increases are “toxic” and pointing out they have caused wars in past eras.
Hauser, speaking at an economic conference in Sydney, reaffirmed that the battle against sticky prices is still not over and will be fought to the end. In his first public appearance since joining the Reserve Bank earlier this year, he charmed the audience and elicited laughter with jibes over “gotcha” questions from the host and the advantages of living in Australia compared with the UK.