RBA’s Hunter: Close to getting inflation to target
Source Fxstreet
Reserve Bank of Australia (RBA) Assistant Governor Sarah Hunter said on Tuesday, the central bank is “close to getting inflation to target.”
Additional quotes
Risks around the outlook are balanced.
Monetary policy impact with a delay, have to be forward looking.
Consumption is looking better, position beginning to turn over.
Household spending has picked up a bit.
Very closely monitoring the underlying strength of consumer spending.
Want to keep the Australian economy near full employment.
Monthly July CPI was some due to some timing going on with rebates.
Core inflation looks to be broadly in line with out forecasts.
Market reaction
AUD/USD was last seen trading flat on the day at 0.6670.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
ANZ Raises Gold Price Forecast to $3,800/Oz, Predicts Rally to Continue Through 2026Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.
Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.
The U.S. dollar steadied in early Asian trading on Thursday following an unexpected 0.1% decline in the Producer Price Index (PPI) for final demand in August, as reported by the Labor Department’s Bureau of Labor Statistics.
Most Asian stock markets climbed on Thursday, with China leading gains fueled by renewed optimism around U.S. artificial intelligence developments.
Most Asian stock markets remained steady on Monday following robust gains last week.
Oil prices climbed further on Monday as markets reacted to Ukrainian drone strikes targeting Russian refinery infrastructure, raising concerns over potential disruptions to Russia’s crude and fuel exports.
Related Instrument
