RBA’s Hauser Is Encouraged by Rate Market’s Response to Data
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The response of interest-rate traders to Australia’s recent economic data suggests the Reserve Bank’s policy reaction function is being understood, Deputy Governor Andrew Hauser said.
Hauser was speaking Monday in Sydney after rates traders pushed back the expected timing of the first RBA cut to April from February, following strong employment data on Thursday. They had previously been pricing a decent chance of an easing late this year.