European Markets Wrap-Up: RBA governor Bullock says the Australian economy is in a good position

Tuesday, 03 Feb, 2026 Central Banks RBA governor Bullock says the Australian economy is in a good position We are still looking to bring inflation down without sacrificing much The economy is actually in a really good position The labour market is really strong and domestic demand is recovering But it is j Central Banks RBA governor Bullock says that inflation pulse is too strong It will now take longer for inflation to return to the target And this is no longer an acceptable outcome We cannot allow inflation to get away from us again The pickup in inflation is not down to jus Learn more Forex Australian dollar gets a lift as the RBA delivers on a hawkish rate hike today The decision to hike the cash rate was unanimous as the RBA produces a more hawkish tilt in their decision today. While the decision to hike in itself isn't surprising, it is more so the language that News investingLive Asia-Pacific FX news wrap: AUD jumps on a hawkish RBA rate hike RBA unanimous 25bp hike, lifts inflation forecasts and signals more tightening in 2026 RBA raises its cash rate by 25bp to 3.85%, as widely expected China's NPC Standing Committee to hold meeting on F Central Banks RBA unanimous 25bp hike, lifts inflation forecasts and signals more tightening in 2026 The RBA delivered a unanimous 25bp hike tio take the cash rate back up to 3.85% and upgraded its inflation profile, with the SMP implying further tightening in 2026 even as the Bank kept guidance expl Central Banks RBA raises its cash rate by 25bp to 3.85%, as widely expected Reserve Bank of Australia decision. I'll have more to come on this separately. Background: ANZ sees RBA 25bp rate hike today, but no commitment to further tightening Australian dollar chops, await piv News China's NPC Standing Committee to hold meeting on February 4 (ahead of full March 5 meet) China's NPC Standing Committee to hold meeting on Feb 4 The NPC Standing Committee meeting on 4 February looks procedural rather than macro-moving, based on the proposed agenda flagged by state media: Stock market update Japanese stocks surge as tech rebounds, banks boost risk appetite. KOSPI rockets. Japanese and South Korean equities rebounded sharply as tech stocks and bank earnings lifted risk appetite across the region. Summary: Japanese equities rebounded sharply, led by tech and bank stocks Learn more Central Banks ANZ sees RBA 25bp rate hike today, but no commitment to further tightening ANZ expects the RBA to lift rates by 25bp in February, while stressing the move would be framed as cautious and data dependent rather than the start of a tightening cycle. Summary: ANZ expects the RBA

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