Reserve Bank of Australia Deputy Governor Andrew Hauser said on Thursday that it would be a bad mistake to set the monetary policy on one number, referring to the latest Consumer Price Index data, per Reuters.

Key takeaways

"Outlook remains uncertain, that has not changed."

"May take little longer for policy to feed through."

"Labour market has been performing remarkably well."

"Whole series of data coming between now and next policy meeting."

Market reaction

AUD/USD edged lower following these comments. At the time of press, the pair was trading at 0.6655, where it was up 0.1% on the day.