RBA’s Hauser says Bank must remain strong in fight against inflation

Reserve Bank of Australia Deputy Governor Andrew Hauser not adding a lot what the minutes said earlier, no sign of an imminent rate cut from the RBA:

when inflation stops being high and sticky the Bank will actUS inflation nearing target, Australia’s laggingexpects core will hit target, but inflation is persistentlowering inflation is a significant task and we are not completed yet

AUD/USD is falling on the disappointing NDRC press conference in China. Markets had high hopes of more stimulus announcements. We haven’t had any of note.

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Earlier from Australia:

RBA minutes: Board discussed scenarios for both lowering and raising interest rates

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This article was written by Eamonn Sheridan at www.forexlive.com.