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[BUSINESS] · Australia · 13 sources

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Part of situation: Australian inflation, interest rate, and migration outlook (21 clusters)

RBA Deputy Governor warns of worsening inflation outlook

Reserve Bank of Australia Andrew Hauser inflation outlook interest rate hike monetary policy

Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser has warned that the nation's inflation outlook is materially worse than previous projections. Speaking at an investment conference, Hauser noted that while monetary policy is beginning to slow the economy, persistent price pressures remain a significant challenge.

Key drivers of the deteriorating outlook include surging global oil prices—driven by conflict in the Middle East—and rising costs associated with artificial intelligence and technology investments. Hauser also highlighted capacity constraints and the risk of inflation expectations becoming embedded, noting that some businesses now view an inflation rate of 3% to 3.5% as a potential new norm.

These comments have shifted financial markets, with the probability of a 25-basis-point interest rate hike in November rising to approximately 50%. The RBA faces a difficult balancing act between curbing inflation and protecting a softening labor market, as the unemployment rate rose to 4.7% in September.

Entities

Andrew Hauser · Australia · Australian Bureau of Statistics · Citi · International Energy Agency · Middle East · Reserve Bank of Australia

Claims

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Sources

RBA přitvrzuje rétoriku, trhy přehodnocují očekávání listopadového zvýšení sazeb | Kurzy.cz [zpravy.kurzy.cz]
Australian central banker says inflation outlook worse, unsure about November rate hike [www.europesays.com]
RBA inflation outlook: Central banks set for nightmare as more rate rises remain a possibility [www.watoday.com.au]
RBA acknowledges major housing correction but warns inflation risks are worsening [eliteagent.com]
Aussie Dollar Accelerates Higher on Hawkish Comments from RBA [www.actionforex.com]
Türkiye Central Bank Cuts One-Week Repo Rate to 36% After Five Holds [econotimes.com]
澳儲銀警告通脹前景惡化 11月加息預期升溫 | 大紀元 [www.epochtimes.com]
PBOC is expected to set the USD/CNY reference rate at 6.6758 – Reuters estimate [investinglive.com]
RBA inflation outlook: Central banks set for nightmare as more rate rises remain a possibility [www.smh.com.au]
November rate hike odds jump as RBA warns inflation outlook has worsened [www.proactiveinvestors.com.au]
Aussies face $14,000 cost of prolonged inflation as Cup Day rate hike looms [7news.com.au]
Reserve Bank and interest rates: Food inflation is a bigger issue than oil and the RBA knows it [www.theage.com.au]
Reserve Bank and interest rates: Food inflation is a bigger issue than oil and the RBA knows it [www.smh.com.au]