RBA's Hunter says will focus on US policy settings and how they will impact inflation in Australia
Reserve Bank of Australia Assistant Governor (Economic) Sarah Hunter said late Monday that she will focus on the US policy settings and how they will impact inflation in Australia. Additionally, Hunter emphasized that the RBA will be taking a slow approach to rate cuts ahead.
Key quotes
February statement reflected the RBA board being more cautious than the market about prospects for further easing.
Focused on US policy settings and how they will impact inflation in Australia.
Rebound in household consumption in the December quarter, not just a temporary pick-up.
Link between RBA's forecast and the board's policy decision is not mechanical.
Always risks and uncertainties around the central forecast.
Looking ahead is not in conflict with reliance on data.
RBA must take a forward-looking approach to meet the mandate.
Market reaction
At the time of writing, the AUD/USD pair is trading 0.01% lower on the day to trade at 0.6382.
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