(Bloomberg) -- Reserve Bank of Australia No. 2 Andrew Hauser said it would be a “bad mistake” to formulate policy in response to a single inflation report...
-- Reserve Bank of Australia No. 2 Andrew Hauser said it would be a “bad mistake” to formulate policy in response to a single inflation report, pointing out there’s a suite of economic data still to come that will need detailed analysis.China’s Finance Elite Face $400,000 Pay Cap, Bonus Clawbacks
Fears the RBA could resume tightening policy at its Aug. 5-6 meeting gained momentum after a partial gauge of consumer prices released this week showed inflation accelerated to 4% in May, well above the central bank’s 2-3% target. Hauser, a former Bank of England official, cited forthcoming reports on employment, retail sales, business surveys and a complete overview of consumer prices in the second-quarter inflation report due on July 31.
Australia is struggling with the so-called last mile of inflation. Hauser, asked earlier about persistent services prices, said it’s possible monetary policy is taking longer to feed through the economy, adding that a strong jobs market may also be a factor.
Andrew Hauser Reserve Bank Of Australia Inflation Report Deputy Governor Consumer Prices Hauser
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