RBA suggests a longer road to lower inflation
Wednesday 4th February 2026
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The RBA’s widely expected rate hike to 3.85% stole the show, but it was the sharper tone in the Statement on Monetary Policy and Michelle Bullock’s press conference that really moved markets, with the Bank now warning of broader‑based inflation pressures and pushing its return‑to‑target timeline all the way out to mid‑2028. The Aussie dollar surged past 70 US cents as equities softened and bond yields climbed. Meanwhile gold has bounced back a little, the US dollar slipped…
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