RBA\u2019s Hauser says policy likely still restrictive, debate underway inside board<\/p>\n
Info via Reuters interview: <\/p>\n
Reserve Bank of Australia Deputy Governor Andrew Hauser said the central bank\u2019s \u201cbest guess\u201d is that monetary policy remains restrictive, but noted there is active debate within the RBA board about that assessment, signalling a live discussion over how much restraint is still weighing on demand.<\/p>\n
Speaking in an exclusive interview, Hauser said if it turns out policy is no longer even \u201cmildly restrictive,\u201d it would have \u201cimportant implications for future policy,\u201d suggesting the case for keeping rates higher for longer could strengthen if financial conditions have eased more than assumed.<\/p>\n
He played down the sharp rebound seen in the latest Westpac consumer sentiment survey, calling it \u201cprobably an erratic reading,\u201d and said policymakers would wait to see if the improvement persists. Hauser described recent consumption data as mixed \u2014 \u201csome ups, some downs\u201d \u2014 but said the central case remains for a \u201cgradual, modest recovery\u201d in spending.<\/p>\n
On labour markets, Hauser said there are \u201cno levels of unemployment that will make a central bank happy,\u201d underscoring that policymakers remain focused on returning inflation to target without triggering a sharp rise in joblessness.<\/p>\n
Hauser also addressed the RBA\u2019s new governance structure, saying unnamed votes are designed to encourage open debate and that public engagement by board members has begun and \u201cwill increase over time.\u201d<\/p>\n
Asked about financial markets, he said it\u2019s unclear whether the world is in an AI bubble, but added that the RBA\u2019s \u201ccentral case is not for an imminent market crash.\u201d <\/p>\n
—<\/p>\n
Hauser\u2019s remarks reinforce expectations that the RBA will stay patient on rate cuts, keeping a mildly restrictive stance until clearer signs of durable disinflation and stable growth emerge. His tone supports market pricing for steady policy through early 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"RBA\u2019s Hauser says policy likely still restrictive, debate underway inside board Info via Reuters interview: Reserve Bank of…\n","protected":false},"author":2,"featured_media":279496,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164,162005],"class_list":["post-279495","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy","tag-rba-policy-still-restrictive"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/279495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=279495"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/279495\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/279496"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=279495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=279495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=279495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}