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RBA Assistant Governor Hunt Says Recent Oil Price Shocks Have Not Yet Slowed Australian Economic Activity

2026-07-08 01:25:05

According to Jin10, RBA Assistant Governor Hunt said on Wednesday that recent oil price shocks have not yet caused a significant slowdown in Australian economic activity, despite declining consumer and business confidence. In remarks on supply-side shocks, Hunt emphasized that ignoring such disruptions is not always correct, and noted the central bank will continue taking necessary action to ensure inflation returns to target and the labor market sustains full employment.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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