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2026-11-05 14:48:26
[RBA Deputy Governor Hauser: Central Bank Credibility Under Pressure] ⑴ RBA Deputy Governor Hauser stated that some people's confidence in the ability to implement policy has declined, especially regarding inflation. ⑵ Hauser stated that monetary policy has a lag effect, with pain often preceding results. The central bank will improve its ability to clearly articulate its position, including in the event of changing circumstances. ⑶ Hauser stated that if people do not trust the central bank, it must raise interest rates sharply to suppress inflation; if the public trusts the central bank's strategy, the policy response to curb inflation can be smaller and less costly. ⑷ Hauser stated that the central bank's credibility is under pressure.
