RBA deputy: Australians losing faith in inflation control
RBA Deputy Governor Andrew Hauser says trust in the RBA's short-term inflation plans has fallen among Australians.
Reserve Bank deputy governor Andrew Hauser has acknowledged that Australians are losing confidence in the RBA's near-term inflation plans. An RBA survey of 12,000 Australians found that trust has fallen sharply.
Overall trust in the RBA remains high and stable. Inflation has been above target for years.
The RBA lifted interest rates to 4.85 per cent this week, the highest in 18 years. Hauser warned trust plays a crucial role in managing inflation expectations.
- 12,000 Australians
- Survey respondents
- 4.85 per cent
- Interest rate
- 18 years
- Highest rate in
Why it mattersIf Australians lose confidence in the RBA, their behaviour may shift in ways that make inflation harder to bring down.
AustraliaAustralians' eroding trust in the RBA's inflation-fighting ability is affecting how people plan for mortgages, savings, and spending as price pressures mount.
