RBA’s Hunter: Close to getting inflation to target

Reserve Bank of Australia (RBA) Assistant Governor Sarah Hunter said on Tuesday, the central bank is “close to getting inflation to target.”

Additional quotes

Risks around the outlook are balanced.

Monetary policy impact with a delay, have to be forward looking.

Consumption is looking better, position beginning to turn over.

Household spending has picked up a bit.

Very closely monitoring the underlying strength of consumer spending.

Want to keep the Australian economy near full employment.

Monthly July CPI was some due to some timing going on with rebates.

Core inflation looks to be broadly in line with out forecasts.

Market reaction

AUD/USD was last seen trading flat on the day at 0.6670.