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RBA: Near-Term Inflation Confidence Falls While Overall Trust Stays Stable

By Twin·@TwinTowerCity·5 November 2026·Updated 6 November 2026

RBAcash rateinterest ratesAndrew Hausermortgage borrowers

Key Takeaways

According to ABC News on 5 November 2026 , Reserve Bank deputy governor Andrew Hauser says trust in the bank's near-term ability to achieve its inflation objectives has fallen materially, although overall institutional trust remains high and stable.
Overall trust and confidence in outcomes differ Hauser discussed the distinction in his Sir Leslie Melville Lecture at the Australian National University.
ABC reported that the RBA's Community Research Survey had collected feedback from 12,000 Australians across four waves, with the latest survey in September.

According to ABC News on 5 November 2026, Reserve Bank deputy governor Andrew Hauser says trust in the bank's near-term ability to achieve its inflation objectives has fallen materially, although overall institutional trust remains high and stable.

Overall trust and confidence in outcomes differ

Hauser discussed the distinction in his Sir Leslie Melville Lecture at the Australian National University. ABC reported that the RBA's Community Research Survey had collected feedback from 12,000 Australians across four waves, with the latest survey in September. Around 55 per cent of respondents reported high or moderately high trust in the RBA.

The broader trust measure had been broadly stable or slightly higher over the past 18 months. But confidence in the bank's ability to achieve its near-term objectives, looking one year backwards and forwards, had fallen materially. Hauser said Australians understood the inflation mandate and held the bank accountable when it failed to meet it.

Inflation expectations

Hauser said trust mattered to inflation expectations. He pointed to business survey evidence that firms were becoming less certain the inflation target would be achieved over the next five to 10 years. He also acknowledged that Australia had no reliable measure of households' longer-term expectations.

ABC reported that the Monetary Policy Board had lifted the cash rate to 4.85 per cent that week, from 4.6 per cent. Hauser's remarks concerned credibility and inflation expectations; they were not a promise of a particular future rate decision.

Frequently Asked Questions

What does the RBA's Community Research Survey show about trust in the RBA?

Around 55 per cent of respondents reported high or moderately high trust in the RBA.

How has overall trust and confidence in the RBA changed over recent months?

The broader trust measure had been broadly stable or slightly higher over the past 18 months.

Why does trust matter to inflation expectations?

Hauser said trust mattered to inflation expectations.

This article was produced with AI assistance and reviewed for accuracy. Content is for informational purposes only and does not constitute financial or property investment advice.

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