RBA Hauser flags genuine debate on rate hike next week

Andrew Hauser says the RBA will debate a rate hike next week. Middle East conflict uncertainty and weak consumption data are key factors for the board to weigh.

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The Reserve Bank of Australia is preparing for a significant policy discussion as geopolitical tensions and economic data present a complex outlook for interest rates. Deputy Governor Andrew Hauser indicated that the board will engage in a "genuine debate" during its meeting next week to determine the next steps for the nation's monetary policy.

An ibis stands near the Reserve Bank of Australia building in Sydney's central business district, captured on February 6, 2018. REUTERS/Daniel Munoz
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