RBA Dep Gov Hauser: RBA policy is still restrictive

Deputy Governor Andrew Hauser speaking in an interview on Bloomberg TV:

• Hard to see bad news in the latest jobs data
• No single piece of data will trigger a rate decision (Hauser referring to inflation data)
• Monthly CPI data in Australia is incomplete, have to wait for quarterly data
• Market curve assumes there will be three or four more cuts, RBA is not so sure
• Models show inflation will undershoot mid point of band even if interest rates held constant
• RBA focus is still on inflation
• Global economy is a risk – uncertainty may weigh on Australian economy

This article was written by Eamonn Sheridan at www.forexlive.com.