Bank of America Gl0bal Research summarizes its expectations for tonight's RBA policy decision.

"We expect the RBA to deliver another 25bp hike at its next policy meeting on Tuesday, 7 Feb. A 50bp hike cannot be ruled out," BofA notes.

"4Q CPI showed inflation broadening. With the 4Q wage report also likely to come in hot, we expect another hike in March. Price-inelastic receiving flows explain dovish front-end pricing; AUD FX to stay resilient against non-USD crosses," BofA adds.