RBA’s Hunter Says Inflation Top Priority, May Have to Raise Rate

Reserve Bank of Australia deputy governor Andrew Hauser has warned it will take years to fully get on top of the post-pandemic surge in inflation — an issue he knows Australians are ‘furious’ about.

Australia’s central bank board views elevated inflation as its top priority and may need to raise interest rates further to tackle it, Assistant Governor Sarah Hunter said, even at a time when the nation’s property market is weakening.