Wednesday, February 11, 2026 at 4:18 AM
Reserve Bank of Australia Deputy Governor Andrew Hauser stated that inflation is too high and emphasized the bank's commitment to taking necessary measures to control it, including a recent cash rate increase to 3.85%.
Australians are again bracing for rate pain, as an overheating economy forces the central bank to tighten the policy screws
Huw Pill said inflation can be squeezed out of the economy without a rise in borrowing costs.
A weaker dollar and increased imports of lower-priced goods could push inflation even lower than expected, persuading the European Central Bank to cut interest rates.
Federal Reserve governor Lisa Cook sees a greater threat to the economy from elevated inflation than from a weakening labor market, a stance that suggests she could be skeptical of supporting a return to rate cuts.
