- Reserve Bank of Australia (RBA) held interest rates steady at 4.35%, after raising it by 425 basis points over the past two years. The analyst had expected RBA to hold interest rates at 4.35%.
- RBA also left the interest rate paid on Exchange Settlement balances unchanged at 4.25%.
- The headline monthly CPI indicator was steady at 3.4 per cent over the year to January, with momentum easing over recent months, driven by moderating goods inflation. Services inflation remains elevated, and is moderating at a more gradual pace.
- The central forecasts are for inflation to return to the target range of 2–3 per cent in 2025, and to the midpoint in 2026.
- ASX 2000 is trading 0.21 higher at 7,692
- USD:AUD is slightly higher at 1.52488.
- ETFs: (NYSEARCA:EWA), (NYSEARCA:FXA), (NYSEARCA:FLAU).
