Bitcoin 
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Lido Staked Ether 
Figure Heloc 
Inflation was already too high, reflecting the fact that demand was outstripping supplyThe cash rate was not high enough to bring inflation back to the targetHigher petrol prices will add to inflation but they were not the reason for today’s decisionThe risks to inflation have tilted to the upsideWe must also make sure that higher inflation does not lead to inflation expectations moving higherWill continue to be guided by incoming dataAnd now remarks from the Q&A session:All members agreed that inflation was too highMembers voting to hold was voting to do so in a hawkish senseThe discussion was about timing, not direction of policy settingMiddle East uncertainty is what led to differing views on timing of rate hikeThere was consideration to hold off until MayThe main issue was not monetary policy direction, just timing and balance of risks tied to Middle East conflictThe risks for inflation are more to the upside with regards to employment, rather than the downsideIf we don’t bring excess demand down now, businesses will build higher prices into their costsAnd that will make it even worse for everyoneAdjusting cash rate is the only monetary policy instrument that we haveHer clarification on the vote split sheds a lot of light as to how the central bank is actually feeling. At the balance, it definitely sounds more hawkish than what the 5-4 vote split suggested at the face of it earlier. And Bullock also mentions that higher petrol prices “is just another problem” and that if they don’t take a more proactive step, it could give rise to second-round effects.AUD/USD was keeping around 0.7060 earlier before she spoke but is now holding around 0.7070 on the day.
This article was written by Justin Low at investinglive.com.
💡 DMK Insight
With ETH at $2,315.01, inflation concerns are back in focus, and here’s why that matters for traders: Rising inflation typically leads to increased volatility in crypto markets, as investors reassess risk and potential returns. If inflation continues to outpace expectations, we could see a shift in sentiment that drives ETH and other cryptocurrencies lower, especially if central banks respond with tighter monetary policy. Traders should keep an eye on key resistance levels around $2,400 and support near $2,200, as these will be crucial for short-term price action. Additionally, with petrol prices contributing to inflationary pressures, the broader economic context could lead to a flight to safety, impacting risk assets like crypto. On the flip side, if inflation data shows signs of stabilizing, we might see a bullish reversal in ETH. Watch for any upcoming economic reports that could influence market sentiment, particularly those related to consumer prices. The next few weeks will be critical in determining whether ETH can break through resistance or if it will test lower support levels.
📮 Takeaway
Monitor ETH’s resistance at $2,400 and support at $2,200 as inflation data unfolds; these levels will dictate short-term trading strategies.
