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RBA Deputy Governor Hauser says inflation is too high, adds monetary policy needs to bring inflation down and needs to reduce demand in the economy

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RBA Deputy Governor Hauser reiterated that inflation is too high, signaling that interest rates may rise further from 4.35% if demand does not cool sufficiently to meet targets.

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Says: Not seeing recession, just a slowdown. Worried about inflation and upside risk to inflation. If inflation doesn't come down, will have to raise rates again.

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