RBA’s Kent: CPI data will be important, but it is not only consideration for policy.

The Reserve Bank of Australia (RBA) Assistant Governor (Financial Markets), Christopher Kent, is speaking at the Bloomberg Address, in Sydney, on Wednesday.

Key quotes

Have opportunity to see how economy reacts to past hikes.

No current plans to step up pace of bond holdings.

If we were to sell bonds, would do it in a way that would not disturb markets.

Pockets of fast wage growth, but contained in aggregate.

The CPI data will be important, but it is not only consideration for policy.

Market reaction

AUD/USD has shaved off early gains to trade flat at 0.6430, as of writing, as traders weigh dovish comments from the RBA policymaker.