RBA's Hauser: Inflation Still Too High, More Work Needed

Reserve Bank of Australia Deputy Governor Andrew Hauser said the central bank still has work to do to reduce inflation, which remains far too high, according to Reuters.

Hauser's remarks underscore the RBA's ongoing challenge in tackling elevated price pressures, suggesting that monetary policy may need to remain restrictive for longer. The statement comes as markets continue to assess the timing of potential rate cuts.

No additional details on specific policy actions were provided in the report.