RBA's Hauser Warns More Rate Hikes Possible If Inflation Stays High

Reserve Bank of Australia Deputy Governor Andrew Hauser said during the Asian trading session on Wednesday that inflation remains too high. He noted the central bank will have to raise interest rates again if inflation does not come down.

The comments reinforce a hawkish tone from the RBA, suggesting policymakers are still prepared to tighten policy further if needed to bring price pressures under control.

Markets will likely monitor upcoming Australian inflation data and RBA communications for signs on whether another rate hike could materialize.