Politics With Michelle Grattan: Reserve Bank's Andrew Hauser Says Don't Read Too Much For Australia From US Rates Message
Date
8/30/2024 3:22:12 AM
Author:
Michelle Grattan
(MENAFN- The Conversation)
Inflation remains top of mind as the Reserve bank of Australia continues to keep interest rates on hold at a time when the United States federal Reserve signals that it will start cutting rates.
One of the new lead architects behind the RBA's thinking is Deputy Governor of the bank Andrew Hauser. Hauser formerly worked at the Bank of England and was chosen by Jim Chalmers, the first-ever senior appointment from overseas.
Hauser is just back from a meeting of central bankers in the United States at which the Chair of the US Federal Reserve, Jerome Powell, indicated it was time for US rates to fall. Will that produce a rethink in Australia where the Reserve Bank has flagged rates are likely to stay on hold until next year?
On the delicate balance of reducing inflation and maintaining employment:
On his controversial speech questioning the certainty with which people proclaim about economic issues, which caused a stir among some commentators, Hauser says:
Inflation
RBA
Politics with Michelle Grattan
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