RBA Hints at Possible February Rate Cut Amid Inflation Confidence
Reserve Bank of Australia (RBA) Governor Michele Bullock stated uncertainty about a potential interest rate cut in February, emphasizing the need to be data-driven. While not ruling out a rate cut, Bullock highlighted the importance of upcoming economic data, including jobs and CPI reports, in guiding the RBA's decision. This uncertainty is expected to keep the Australian dollar volatile until the next RBA meeting on February 18.