尽管通胀数据显示价格压力有所缓解，但澳大利亚10年期政府债券收益率仍升至4.51%左右。澳大利亚2月份的整体通胀率从前一个月的2.5%降至2.4%，而预测没有变化。核心通胀率也从2.9%降至2.7%。该数据距离澳大利亚储备银行4月1日的下一个政策决定不到一周，预计央行将保持利率不变。与此同时，市场目前认为5月份降息的可能性为68%。然而，央行在上个月四年多来首次降息后，早些时候警告称，进一步的货币宽松政策没有保证。在其他新闻中，澳大利亚政府周二宣布了2026年和2027年的两项额外个人所得税减免，总额比预期高出171亿澳元。

Australia’s 10-year government bond yield rose to around 4.51% even as inflation data pointed to easing price pressures. Australia’s headline inflation eased to 2.4% in February from 2.5% in the previous month, versus forecasts for no change. Core inflation also fell to 2.7% from 2.9%. The data comes less than a week before the Reserve Bank of Australia's next policy decision on April 1, where the central bank is expected to keep rates unchanged. Meanwhile, markets currently see a 68% chance of a rate cut in May. However, the central bank has warned earlier that further monetary easing is not guaranteed, following its first rate cut in over four years last month. In other news, the Australian government on Tuesday announced two additional personal income tax cuts set for 2026 and 2027, totaling A$17.1 billion over the forward estimates.

澳大利亚的通货膨胀正在降温，但澳元仍在保持冷静。澳大利亚2月份的年通胀率降至2.4%，为澳大利亚储备银行的降息谈判增添了动力。但澳元对此不屑一顾，在亚洲交易时段走高。

Inflation Is Cooling in Australia, but AUD Is Keeping Its Cool.Australia's annual inflation slowed to 2.4% in February, adding fuel to RBA rate cut talks. But the Aussie brushed it off and traded higher during the Asian session.

根据3月25日公布的2025年联邦预算，到2026年7月1日，澳大利亚的税率将从16%降至15%，为2026/27财年减税30亿澳元。到2027年7月1日，税率将进一步降至14%，使所得税减免总额达到67亿澳元。救济适用于所有纳税人。该预算延长了能源账单减免，扩大了对首次购房者的支持，增加了对女性健康的投资，并将生啤酒消费税冻结两年。它还提出了10亿澳元的国防开支，以应对中国日益增强的自信和美国对盟友增加军事预算的压力。2026财年的赤字预计为421亿澳元，占GDP的1.5%，超过了400亿澳元的预测。经过两年的盈余，2025年的缺口预计为276亿澳元。距离选举公告可能还有几天，总理安东尼·阿尔巴内塞试图在通货膨胀、高利率和住房短缺的情况下重新获得选民的支持。

Australia’s tax rate will be reduced from 16% to 15% by July 1, 2026, delivering AUD 3 billion in tax cuts for fiscal 2026/27, according to the 2025 federal budget released on March 25. The rate will drop further to 14% by July 1, 2027, bringing total income tax cuts to AUD 6.7 billion. The relief applies to all taxpayers. The budget extends energy bill relief, expands support for first-time home buyers, boosts investments in women’s health, and freezes the draught beer excise for two years. It also brings forward AUD 1 billion in defense spending to address China’s growing assertiveness and U.S. pressure on allies to add military budgets. The deficit is projected at AUD 42.1 billion, or 1.5% of GDP, for the fiscal 2026, surpassing the AUD 40 billion forecast. The 2025 shortfall is seen at AUD 27.6 billion after two years of surpluses. With an election announcement possibly days away, PM Anthony Albanese seeks to regain voter support amid inflation, high rates, and a housing shortage.

周三，澳元兑美元汇率保持在0.63美元附近，由于投资者对低于预期的通胀数据做出反应，澳元难以找到明确的方向。2月份，澳大利亚的月度CPI指数降至2.4%的三个月低点，超出了1月份2.5%不变的预期。与此同时，澳大利亚政府宣布了2026年和2027年的两项额外个人所得税减免，总额比预期高出171亿澳元。在货币政策方面，澳大利亚储备银行将于下周召开会议，普遍预计将保持利率稳定。然而，在澳大利亚储备银行上个月四年多来首次降息之后，市场目前预计5月份再次降息的可能性为三分之二。尽管如此，央行仍警告称，进一步宽松政策并非板上钉钉。

The Australian dollar held near $0.63 on Wednesday, struggling for clear direction as investors reacted to weaker-than-expected inflation data. Australia’s monthly CPI indicator eased to a three-month low of 2.4% in February, defying expectations for no change from January’s 2.5% reading. Meanwhile, the Australian government announced two additional personal income tax cuts set for 2026 and 2027, totaling A$17.1 billion over the forward estimates. On the monetary policy front, the Reserve Bank of Australia is set to meet next week, where it is widely expected to hold interest rates steady. However, markets are currently pricing in a two-thirds chance of another rate cut in May, following the RBA’s first reduction in over four years last month. Still, the central bank has cautioned that further easing is not guaranteed.