The RBA Board raised the cash rate target by 25 basis points to 4.85 per cent, saying inflation remains elevated and broadly based. The inflation outlook was revised materially higher, partly due to fuel and commodity prices affected by the Middle East conflict, with domestic capacity pressures slightly tighter than thought. Inflation is now forecast to stay elevated through much of 2027 and reach the top of the 2–3 per cent target range only in late 2027, about three quarters later than before. The economy is slowing, housing prices have fallen significantly and unemployment has risen. The decision was by majority: six members voted to raise, while three voted to hold at 4.60 per cent.
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AUD/USD
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 11/02/2026 | 0.69982 |
| Change that session | -0.48% |
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