The Deputy Governor of the Reserve Bank of Australia said that they are currently discussing whether the monetary policy is restrictive.
Andrew Hauser, Deputy Governor of the Reserve Bank of Australia, said in an interview that the key to the current monetary policy, which is only slightly restrictive despite expectations of continued inflation deceleration, is becoming increasingly important in policy challenges. Reuters quoted Hauser as saying, "I think our best guess is that current policy is still somewhat restrictive, but this judgment is becoming more and more important in policy challenges." "If the ultimate judgment is that we are no longer in a mildly restrictive policy, then this will have a significant impact on our future policy stance." Hauser warned that the skyrocketing consumer confidence index seems "unstable," and the central bank will wait to see if this trend continues before considering it. When asked about whether there is an artificial intelligence bubble in the market, the Deputy Governor said he is not sure, and whether the bubble will burst quickly is not his focus.
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