Reserve Bank of Australia (RBA) Deputy Governor Sarah Hunter noted earlier Wednesday that while the RBA remains determined to keep inflation under control and the Australian central bank sees no signs of inflation expectations becoming unanchored , price growth has remained a sticking point for the RBA.
Key aspects
There is no immediate concern that expectations will become unanchored.
Inflation expectations remain anchored.
The RBA is constantly alert to signs of emerging risks.
Inflation expectations are only one component of the CPI result.
Inflation has been more persistent than the RBA expected.
The RBA is monitoring the data for persistent inflation and risks on both sides.
The RBA is not obliged to conform to other central banks on policy.
Strengths and weaknesses in different sectors of the economy.
Aware and vigilant of developments abroad: Lessons to be learned.
Tax cuts and energy rebates as key risks the RBA is examining.
The RBA is still waiting to assess the spending response.
The RBA focuses on aggregates, taking government spending as a given.
Source: Fx Street
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