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RBA Cites Phillips Curve in Bet Its Rate Hikes Won’t Hammer Jobs

RBA Cites Phillips Curve in Bet Its Rate Hikes Won’t Hammer Jobs
Bloomberg Markets Wednesday 24 June 2026, 06:30 UTC By Michael Heath 1 min read
Key Points

Central Banks RBA Cites Phillips Curve in Bet Its Rate Hikes Won’t Hammer Jobs Australia’s central bank is betting the interaction between prices and jobs along the Phillips Curve mean its rapid-fire interest rate hikes will damp inflation without pushing unemployment too high, according to Deputy Governor Andrew Hauser. The Reserve Bank’s No. 2 official spoke Wednesday in Melbourne, where he discussed the economic model, which shows an inverse relationship between inflation and unemployment.

Central Banks RBA Cites Phillips Curve in Bet Its Rate Hikes Won’t Hammer Jobs Australia’s central bank is betting the interaction between prices and jobs along the Phillips Curve mean its rapid-fire interest rate hikes will damp inflation without pushing unemployment too high, according to Deputy Governor Andrew Hauser. The Reserve Bank’s No. 2 official spoke Wednesday in Melbourne, where he discussed the economic model, which shows an inverse relationship between inflation and unemployment. Hauser suggested a slide up to the steeper part of the curve where price rises accelerate helped spur the decision to hike interest rates at the first three meetings of the year.
RBA (ORG) Phillips Curve (PERSON) Hammer Jobs Australia’s (ORG) the Phillips Curve (ORG) Andrew Hauser (PERSON) The Reserve Bank’s (ORG) Melbourne (LOCATION) Hauser (PERSON)
Originally published by Bloomberg Markets Read original →

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