ING Bank: Reserve Bank of Australia may maintain hawkish bias
According to reports from Golden Ten, analysts at ING Bank in the Netherlands stated that the CPI unexpectedly remained flat at 3.4% in January, which may prompt policymakers to start discussing interest rate cuts. However, analysts believe that this scenario is unlikely to occur. Due to the Reserve Bank of Australia's policy interest rates being lower than other major central banks, recent repricing of global rate expectations towards hawkishness, and persistent risks of inflation rebounding, there are still reasons for the RBA to maintain its hawkish stance tomorrow. ING Bank is optimistic about the possibility of the Australian dollar continuing to rebound from the second quarter onwards.
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