RBA’s Hauser Signals a Patient Approach to High Inflation

Australia’s central bank is taking a one- to two-year view on inflation rather than reacting to individual data releases, Deputy Governor Andrew Hauser said in an interview, signaling policymakers would remain cautious about future interest rate moves.

Speaking to the Australian Broadcasting Corp. on Thursday, Hauser said that Australians have probably seen the final rate cut of the current easing cycle as he described inflation of above 3% as “too high.” Even so, he indicated a patient approach to tackling renewed price pressures ahead of the Reserve Bank’s Feb. 2-3 policy meeting.