Asian Market Update: RBA Abandons Easing Bias, Sending AUD Sharply Higher

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RBA policy statement marks an abrupt shift away from an open-ended dovish bias after most recent rise in Q4 CPI, Sees monetary policy "appropriately configured" and most prudent course being "a period of stability" in interest rates, RBA also drops the language referring to AUD as "uncomfortably high", sending the



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