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A bike courier rides past the entrance to the Reserve Bank of Australia (RBA) in Sydney's central business district on April 2, 2013. Greg Wood/AFP via Getty Images
High inflation is toxic but sharp deflation caused by excessive interest rate hikes is even worse.
That’s the view of Reserve Bank of Australia (RBA) deputy governor Andrew Hauser, which he shared in his first public appearance as the central bank’s second-in-command.
