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RBA: Hauser Points To Uncertain Impact Of Tariffs

RBA

Initial comments from RBA Deputy Governor Hauser are geared towards the impact of any potential tariff/trade wars during incoming U.S. President Trump’s second term.

  • Little of note when it comes to market feedthrough, with Hauser seemingly deploying a wait & see approach when it comes to assessing the inflationary impact of any tariffs, although his first instinct is that "the direct impact of any tariffs on such trade would be limited."
  • Hauser stresses that “given this uncertainty, it is important that we don’t prejudge the implications of tariffs for policy but monitor developments closely and stand ready to respond appropriately as the facts emerge.”
  • Q&A session now eyed for purer monetary policy focused comments, leaving limited impact on the AUD currency.
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Initial comments from RBA Deputy Governor Hauser are geared towards the impact of any potential tariff/trade wars during incoming U.S. President Trump’s second term.

  • Little of note when it comes to market feedthrough, with Hauser seemingly deploying a wait & see approach when it comes to assessing the inflationary impact of any tariffs, although his first instinct is that "the direct impact of any tariffs on such trade would be limited."
  • Hauser stresses that “given this uncertainty, it is important that we don’t prejudge the implications of tariffs for policy but monitor developments closely and stand ready to respond appropriately as the facts emerge.”
  • Q&A session now eyed for purer monetary policy focused comments, leaving limited impact on the AUD currency.