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Australia's central bank focused on US tariff developments

BY Reuters | ECONOMIC | 07/08/25 08:10 PM EDT

SYDNEY (Reuters) -Australia's central bank is very focused on U.S. tariff developments, Deputy Governor Andrew Hauser said on Wednesday, adding that there is an enormous amount of uncertainty in the global economy.

The Reserve Bank of Australia on Tuesday surprised markets by holding interest rates steady at 3.85%, saying the majority of the board wanted to wait for more information to confirm inflation was slowing.

At an event in Sydney, Hauser said the tariff impact on Australia is still in early days, and that business and household sentiment have not become substantially worse, in contrast to sentiment in the United States and Europe.

(Reporting by Stella Qiu; Editing by Tom Hogue)

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