RBA’s Hauser says closely watching the trade war impact on inflation

Reserve Bank of Australia Deputy Governor Hauser spoke earlier:

• RBA’s Hauser says measures of global trade uncertainty are at 50 year highs

More now, these from his concluded Q&A:

• Sees productivity as a key factor affecting CPI and the economy.
• Will closely watch trade war’s impact on CPI.
• If inflation accelerates due to trade war, RBA will take action.
• Board members provide deep judgment and knowledge.
• Inflation declines, but there are some remaining upside risks.
• An inflation increase linked to trade war, RBA prepared to respond.
• Inflation slowing, with some risks easing.
• Unusual volatility observed in stocks, crypto, futures, and other markets.
• Will closely monitor trade war effects on CPI.
• Board members contribute significant expertise and experience.
• Rate-cut decision was not evenly split but also not heavily one-sided.
• RBA aware of potential labour market overheating.

RBA dates this year:

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