RBA Remains Focused on Taming Inflation

Andrew Hauser, Deputy Governor of the Reserve Bank of Australia (RBA), emphasized that the central bank's primary objective is to bring down inflation. In a recent statement, he noted that people want the RBA to perform its job and achieve this goal.

The comment comes as the Australian economy grapples with rising inflation rates. Hauser's remarks suggest that the RBA remains committed to its mandate of keeping prices under control.

While specific targets or timelines were not mentioned, Hauser's statement underscores the importance of price stability in the Australian economy.