RBA Keeps Hawkish Bias as Inflation Concerns Persist

The Reserve Bank of Australia is maintaining a hawkish stance as inflation concerns persist. BNY's Geoff Yu notes that the central bank remains uneasy about price pressures.

Deputy Governor Andrew Hauser said that additional rate increases cannot be ruled out, signaling that policy may stay tighter for longer.

For the Australian dollar, the comments reinforce a scenario where the RBA is not yet pivoting to easing, keeping the currency sensitive to inflation data and rate expectations.