TD Securities said the Reserve Bank of Australia is expected to raise interest rates by 25 basis points in February, and is also tentatively scheduled to follow up with another 25 basis points in May. Prashant Newnaha, a Singapore-based strategist at TD Securities, pointed out: “Monthly data shows that rents and new housing costs continue to rise, which poses an upward risk to the Bank of Australia's inflation expectations.” He said that if inflation slows down further, the Bank of Australia may also enter a long-term interest rate maintenance period after raising interest rates in February. According to TD Securities' internal forecast, the quarterly inflation rate will record 0.9%. This data will stabilize the core cutoff average annual inflation rate at 3.3%, far exceeding the median level of the 2%-3% inflation target range; this inflation performance should be sufficient to prompt the Bank of Australia to announce a 25 basis point rate hike at the February interest rate meeting.

TD Securities said the Reserve Bank of Australia is expected to raise interest rates by 25 basis points in February, and is also tentatively scheduled to follow up with another 25 basis points in May. Prashant Newnaha, a Singapore-based strategist at TD Securities, pointed out: “Monthly data shows that rents and new housing costs continue to rise, which poses an upward risk to the Bank of Australia's inflation expectations.” He said that if inflation slows down further, the Bank of Australia may also enter a long-term interest rate maintenance period after raising interest rates in February. According to TD Securities' internal forecast, the quarterly inflation rate will record 0.9%. This data will stabilize the core cutoff average annual inflation rate at 3.3%, far exceeding the median level of the 2%-3% inflation target range; this inflation performance should be sufficient to prompt the Bank of Australia to announce a 25 basis point rate hike at the February interest rate meeting.