11.02.202603:38:22UTC+00RBA Signals Further Action to Bring Down Inflation

The Reserve Bank of Australia has signalled it is prepared to take further action to rein in inflation, which Deputy Governor Andrew Hauser described as still “too high.” Speaking at a business luncheon, Hauser underscored that the central bank will “continue to do whatever is necessary” to return inflation to its 2–3% target range.

The RBA lifted the official cash rate by 25 basis points last week, reversing an August rate cut after inflation came in above expectations. Both headline and core inflation are now above the target band, and current projections suggest inflation may not return to within that range until mid-2027.

Hauser explained that the move from an easing to a tightening stance reflects shifting conditions, including a stronger-than-anticipated global economy and a solid rebound in domestic private demand. He stressed that the bank’s decisions are not about serving special interests, but about easing pressure on households by restoring price stability.