Technical Analysis

ANZ says Australian CPI data ‘cementing’ in 25bp rate hike at the RBA February 7 meeting


The data is here:

ANZ:

  • Australia’s CPI data showed momentum continued to build in domestically driven inflationary pressures in Q4.
  • Non-tradables and services inflation accelerated, both annualising around 8½% y/y, cementing a 25bp cash rate hike in February

And, from Australia’s biggest fund:

Correct me if I’m wrong but I think Dr. Oliver was in the February ‘pause’ camp.

He has now updated his view on the updated data. Makes sense to me.

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