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Australian central banker says policy working, but inflation outlook worse
SYDNEY: A top Australian central banker on Wednesday said tighter monetary policy was working to slow the economy but the inflation outlook had still worsened, leaving him unsure whether interest rates would need to rise further. Speaking at a Citi conference, Reserve Bank of Australia Deputy Governor Andrew Hauser said the bank’s economists were still finalising their forecasts but the inflation outlook did look “materially worse”, in part due to high oil prices. Hauser said monetary policy could not deal with an oil shock directly, but it did need to make sure that higher costs did not feed ...
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