RBA Deputy Governor Warns Inflation Still Too High | Perth News
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RBA Deputy Governor Warns Inflation Still Too High | Perth News
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Australia’s inflation fight is far from over, as RBA deputy governor Andrew Hauser admits the pain is real—especially for lower-income households. Despite the economy holding up, inflation remains stubbornly high, pushing the RBA to consider more rate hikes after three increases this year. Global factors like Middle East conflicts, AI-driven demand, and supply chain inefficiencies are prolonging the problem, with no quick fixes in sight. The RBA’s 2-3% target still looms, complicated by July’s higher-than-expected inflation numbers. While falling house prices get attention, Hauser says global growth, productivity, and international risks are the bigger drivers—and home values remain significantly elevated.
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