Deputy Governor of the Reserve Bank of Australia: The bank is ready to move in either direction.

The Deputy Governor of the Reserve Bank of Australia, Houser, stated on Monday during the Global Markets Conference in Sydney that job growth has been very strong, noting that the labor force participation rate has been clearly high.

Additionally, Houser indicated that the Reserve Bank of Australia is data-driven but not strictly bound by data. The Australian official supported the idea that the central bank considers inflation rates during the third quarter alongside other data to form an opinion on monetary policy.

Furthermore, Houser expressed that the Reserve Bank of Australia is prepared to act in either direction (whether raising or lowering interest rates), emphasizing that the central bank is vigilant and ready to take action.