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AUD traders heads up, Andrew Hauser, Reserve Bank of Australia Deputy Governor speaking soon

The article previews remarks by Reserve Bank of Australia Deputy Governor Andrew Hauser at a Queensland Futures Institute event, with AUD traders watching for guidance on the RBA’s policy bias. The RBA has already lifted the cash rate to 4.35% and held it steady at the last two meetings, but inflation remains above target at around 3.8% and the Board has kept a tightening bias alive. Markets are focused on whether Hauser signals that recent moderation in wage growth and any relief from lower oil prices reduce the need for another hike, or whether persistent inflation and supply shocks keep further tightening on the table. The speech could shift expectations for near-term RBA rate cuts versus another rate increase, making it potentially important for the Australian dollar.

Category

AUD/USD

Sentiment

Mixed

Event

Policy statement

Reading time

1 min