Australian central bank warns inflation remains too high as economy hits capacity limits

Reserve Bank Deputy Governor Andrew Hauser warned today that inflation remains too high. He noted that policy makers will do whatever is needed to curb prices.

Reserve Bank of Australia AUAU Deputy Governor Andrew Hauser warned today that inflation remains too high and stated that policymakers are committed to doing whatever is necessary to bring it under control. This statement follows the central bank's decision last week to raise the cash rate to 3.85%, a move that signals a shift in the monetary policy stance and reflects a firm commitment to price stability.
Two women walk past the Reserve Bank of Australia headquarters in central Sydney, Australia, on February 6, 2018. REUTERS/Daniel Munoz
Two women walk past the Reserve Bank of Australia headquarters in central Sydney, Australia, on February 6, 2018. REUTERS/Daniel Munoz
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