The post Rally pause as RBA stays hawkish – HSBC appeared on BitcoinEthereumNews.com.

HSBC analysts note that the Reserve Bank of Australia raised its cash rate to 3.85% and revised growth and inflation forecasts higher, assuming the rate reaches 4.2% by end-2026. HSBC economists see the stance as hawkish and expect another 25bp hike in 3Q26. They add that the Australian Dollar’s recent strength versus the Dollar looks stretched and AUD/USD may consolidate, with external drivers dominating near-term moves. RBA tightening but AUD rally stretched “On 3 February, the Reserve Bank of Australia (RBA) increased its cash rate by 25bp to 3.85%, in line with market expectations.” “The RBA also revised its neartermgrowth, and inflation forecasts upwards to 2.1% and 4.2% by June 2026(previously 1.9% and 3.7%), assuming the cash rate reaches 4.2% by end-2026.” “Our economists view the RBA’s overall stance as fairly hawkish, indicating potentialfor further tightening, and anticipate an additional 25bp increase in 3Q26.” “The AUD’s recent rally looks a bit stretched, up c3.5% against the USD year-to-date (Bloomberg, 6 February).” “Consequently, AUD-USD is likely to consolidateover the coming weeks, with external factors − rather than rate differentials − driving moves over the near term.” (This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.) Source: https://www.fxstreet.com/news/aud-rally-pause-as-rba-stays-hawkish-hsbc-202602091855

---

Filed under: News - @ February 9, 2026 7:29 pm