The Reserve Bank of Australia will remain “100% focused” on its inflation target, its deputy governor has said, following the suggestion by an opposition politician that its dual price stability and full employment mandate should be reviewed.
Speaking on a podcast on February 24, Andrew Hauser said the RBA was statutorily obliged to focus on its 2–3% inflation target. “When we were cutting rates last year, our forecasts… were for inflation to come down gradually to the 2.5% midpoint of the range
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