ANZ says Australian CPI data 'cementing' in 25bp rate hike at the RBA February 7 meeting

The data is here:

• Australia Q4 Headline CPI 1.9% q/q (expected 1.6%)
• AUD/USD jumps on the higher than expected Australian CPI report
• There was a second CPI data point from Australia, came in at a rocketing 8.1% (from 7.3%)

• The RBA website has outdated data on it, big time!

ANZ:

• Australia’s CPI data showed momentum continued to build in domestically driven inflationary pressures in Q4.
• Non-tradables and services inflation accelerated, both annualising around 8½% y/y, cementing a 25bp cash rate hike in February

And, from Australia's biggest fund:

Correct me if I'm wrong but I think Dr. Oliver was in the February 'pause' camp.

He has now updated his view on the updated data. Makes sense to me.