通胀压力回升倒逼政策转向！澳洲联储打响2026年加息第一枪

Group 1 - The Reserve Bank of Australia (RBA) raised the cash rate from 3.6% to 3.85%, marking it as the first major central bank to increase rates this year due to persistent domestic inflation pressures [1] - The RBA's monetary policy committee unanimously decided to tighten policy, citing that private demand is growing faster than expected, with inflation pressures expected to rise significantly in the second half of 2025 [1] - Following the decision, the three-year Australian government bond yield increased by 5 basis points to 4.34%, and the Australian dollar strengthened [1] Group 2 - Australia's economy is nearing full capacity, with the unemployment rate at historical lows and inflation rising above the 2%-3% target range [4] - Recent data showed a strong monthly increase in job advertisements, the highest since February 2022, while consumer spending remained cautious with a slight increase in savings rates [4] - Economists believe the recent rate hike may be a one-off measure rather than the start of a broader tightening cycle, with expectations of a prolonged pause from the RBA [4] Group 3 - The RBA aims to maintain inflation at the midpoint of the 2%-3% target while ensuring maximum sustainable employment [7] - The trimmed mean inflation indicator rose by 3.4% year-on-year in Q4, exceeding market expectations, indicating significant price pressures in the Australian economy [7] - The unemployment rate unexpectedly fell to 4.1% in December, further highlighting the ongoing price pressures [7]