Coming up from the RBA:

rba February 2022

ANZ are expecting the RBA to raise its inflation forecasts:

  • to forecast core inflation of 3% by mid-2022

And to also lower its unemployment forecast:

  • sub-4% unemployment by the end of 2022

The update forecasts will be in Friday's (4 Feb) SoMP.

Also from ANZ:

  • Despite this we see the Board looking for wages to accelerate further before the cash rate is raised.

And ...

  • The RBA has a challenging message next week, explaining why it won’t move despite core inflation likely to reach 3% by mid-2022.

ANZ info via ANZ's Head of Australian Economics David Plank