RBA dep Gov Hauser says inflation is too high, monetary policy needs to bring it down
Reserve Bank of Australia Deputy Gov Hauser:
- Inflation is too high
- Monetary policy needs to bring inflation down, needs to reduce demand in economy
- Not seeing recession, just slowdown
- Worried about inflation, upside risks to inflation
- If inflation doesnt come down, will have to raise rates again
This article was written by Eamonn Sheridan at investinglive.com.