RBA Deputy Governor: Further rate hikes cannot be ruled out if inflation risks materialize

Published Aug 19, 04:26 AM UTC

The Reserve Bank of Australia (RBA) Deputy Governor, Andrew Hauser, has warned that further policy tightening cannot be ruled out if inflation risks materialize. The central bank held interest rates steady at 4.35% last week, but Hauser indicated that the board remains vigilant and prepared to raise rates again if necessary to combat persistent inflationary pressures. The warning comes amid ongoing uncertainty in the global economic outlook and domestic price stability concerns. The RBA's cautious stance reflects its commitment to bringing inflation back to target while balancing economic growth risks.