Australia's hold this time is mainly due to fear of rebounding inflation.

The Reserve Bank of Australia has stated that if the inflation rate does not reach the target range of 2-3% by the end of 2025, it will act without hesitation.

China's widening trade surplus has made global markets more optimistic about a rebound in global demand and an improved macroeconomic environment in China.

RBA Governor Michele Bullock stressed the importance of getting inflation to the target range at a press conference, arguing that the risks are balanced.。

RBA announces policy rate at 12-year high 4.35% unchanged, in line with market expectations, and suggests that a further slowdown in inflation will raise the threshold for further rate hikes, but does not rule out the possibility of further rate hikes。

Australian stocks rose after Monday's close, with progress in the energy, property trusts and financial sectors driving share prices higher。S & P / ASX 200 up 0 at Sydney close.30%。

Australia's annual inflation rate for the fourth quarter of 2023 was 4.1%, the lowest inflation rate since the fourth quarter of 2021, and AUD / USD fell to a two-week high.。

China's manufacturing purchasing managers' index (PMI) remained at 50 in January, latest data show.8 levels, struggling。

China's economy was in the spotlight this week, with industrial production, fixed asset investment, retail sales, unemployment and fourth-quarter GDP figures attracting investors' attention.。

On June 6, the RBA announced its interest rate decision.。Under the resolution, the bank raised its cash rate target by 25 basis points to 4.10%, in addition, the bank raised the interest rate on trade settlement account balances by 25 basis points to 4.00%。

On May 18, the Australian Bureau of Statistics released Australia's April quarter-adjusted unemployment rate.。The data shows that the data recorded 3.7%, higher than the expected value of 3.5%, the first rise in the year。