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RBA assistant governor says inflation still above target, suggesting rates may stay higher for longer, which supports AUD.
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Reserve Bank of Australia Assistant Governor Sarah Hunter said the Consumer Price Index came in slightly softer than expected, mainly due to fuel prices, but stressed inflation remains above the 2–3% target band, according to BNY’s Geoff Yu.
RBA assistant governor says inflation still above target, suggesting rates may stay higher for longer, which supports AUD.