RBA’s Hauser Says ‘Bad Mistake’ to Set Policy on One CPI Figure

Bloomberg06-27

(Bloomberg) -- Reserve Bank of Australia No. 2 Andrew Hauser said it would be a “bad mistake” to formulate policy off a single inflation report, pointing out there’s a suite of economic data still to ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2446536659?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/JrmrRqo5zhcd9iqXo9Z5vQ--~B/aD02NzU7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/bloomberg_markets_842/02ec2c38b39c8e2cd5a89f4499ef81e3","is_english":true,"pubTime":"2024-06-27 19:05","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2446536659","market":"us","top_or_hot":-1,"title":"RBA’s Hauser Says ‘Bad Mistake’ to Set Policy on One CPI Figure","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- Reserve Bank of Australia No. 2 Andrew Hauser said it would be a “bad mistake” to formulate policy off a single inflation report, pointing out there’s a suite of economic data still to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/rba-hauser-says-current-account-093000898.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>RBA’s Hauser Says ‘Bad Mistake’ to Set Policy on One CPI Figure</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRBA’s Hauser Says ‘Bad Mistake’ to Set Policy on One CPI Figure\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-27 19:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/rba-hauser-says-current-account-093000898.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Reserve Bank of Australia No. 2 Andrew Hauser said it would be a “bad mistake” to formulate policy off a single inflation report, pointing out there’s a suite of economic data still to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/rba-hauser-says-current-account-093000898.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WBCPI.AU","symbol_name":"WESTPAC BANKING","start_time":0,"source_url":"https://finance.yahoo.com/news/rba-hauser-says-current-account-093000898.html","article_id":"2446536659","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/JrmrRqo5zhcd9iqXo9Z5vQ--~B/aD02NzU7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/bloomberg_markets_842/02ec2c38b39c8e2cd5a89f4499ef81e3"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2446536659","pubTimestamp":1719486307,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":" -- Reserve Bank of Australia No. 2 Andrew Hauser said it would be a “bad mistake” to formulate policy off a single inflation report, pointing out there’s a suite of economic data still to come that will need detailed analysis.Supreme Court Poised to Allow Emergency Abortions in Idaho. “There’s a lot for us to reflect on ahead of the meeting in August,” Hauser, deputy governor at the RBA, said in response to a question in Sydney on Thursday. “It would be a bad mistake to set policy on the basis of one number and we don’t intend to do that.”“The number we spent a bit of time talking about earlier is only partial and that’s something I’m not used to from the UK,” Hauser said in reference to the monthly consumer price indicator. “There’s a whole series of data coming out between now and when we meet in August.”","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"WBCPI.AU":"WESTPAC BANKING","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","WBCPJ.AU":"WESTPAC BANKING CORP","BK4588":"碎股","WBCPK.AU":"Westpac Banking Corporation","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","BK4207":"综合性银行","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","WBCPL.AU":"WESTPAC BANKING CORP","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","WBCPM.AU":"WESTPAC BANKING CORP","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","C":"花旗","BK4504":"桥水持仓","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU0106831901.USD":"贝莱德世界金融基金A2","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","WBC.AU":"WESTPAC BANKING CORPORATION","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4566":"资本集团","WBCPE.AU":"Westpac Banking Corp Pref E","WBCPH.AU":"WESTPAC BANKING CORP - PUBLIC"},"translate_title":"澳大利亚央行豪泽表示，根据一个CPI数据制定政策是“严重错误”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WBCPM.AU":0.9,"WBCPL.AU":0.9,"WBCPK.AU":0.9,"WBCPJ.AU":0.9,"WBCPI.AU":0.9,"C":0.9,"WBCPH.AU":0.9,"WBCPE.AU":0.9,"WBC.AU":0.9},"content_text":"(Bloomberg) -- Reserve Bank of Australia No. 2 Andrew Hauser said it would be a “bad mistake” to formulate policy off a single inflation report, pointing out there’s a suite of economic data still to come that will need detailed analysis.\nMost Read from Bloomberg\n\nSupreme Court Poised to Allow Emergency Abortions in Idaho\nBolivia’s President Arce Swears in New Army Chief After Coup Bid\nChina’s Finance Elite Face $400,000 Pay Cap, Bonus Clawbacks\nSpaceX Tender Offer Said to Value Company at Record $210 Billion\nFedEx Stokes Investors With Hint of a Freight Deal\n\n“There’s a lot for us to reflect on ahead of the meeting in August,” Hauser, deputy governor at the RBA, said in response to a question in Sydney on Thursday. “It would be a bad mistake to set policy on the basis of one number and we don’t intend to do that.”\nA gauge of consumer prices released this week showed inflation accelerated to 4% in May, well above the central bank’s 2-3% target. That prompted money markets to price in a 50-50 chance of an interest-rate hike at the RBA’s Aug. 5-6 meeting.\n“The number we spent a bit of time talking about earlier is only partial and that’s something I’m not used to from the UK,” Hauser said in reference to the monthly consumer price indicator. “There’s a whole series of data coming out between now and when we meet in August.”\nHauser, a former Bank of England official, cited forthcoming reports on employment, retail sales, business surveys and a complete overview of consumer prices in the second-quarter inflation report due on July 31.\nWhile the central bank has raised rates to a 12-year high of 4.35%, it has moved more cautiously than many international counterparts. That’s sparked questions over whether it has more to do on rates, especially when officials say they’re not ruling anything in or out on policy.\nAustralia is struggling with the so-called last mile of inflation. Hauser, asked earlier about persistent services prices, said it’s possible monetary policy is taking longer to feed through the economy, adding that a strong jobs market may also be a factor.\nThe deputy governor is a member of the RBA’s rate setting board. He was speaking at a $Citigroup Inc(C-N)$. event.\n(Retops with comments from Q&A after speech.)\nMost Read from Bloomberg Businessweek\n\nThe FBI’s Star Cooperator May Have Been Running New Scams All Along\nSurging Returns Lure Private Equity Giants to India\nHow Glossier Turned a Viral Moment for ‘You’ Perfume Into a Lasting Business\nMusk’s Population Obsession Comes With a Dark History\nHow Jeff Yass Became One of the Most Influential Billionaires in the 2024 Election\n\n©2024 Bloomberg L.P.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2446536659"}