Just caught this from UBS analysts - they're expecting Australia's Q1 inflation to come in around 4.8% or higher year-on-year. Even if geopolitical tensions ease, the inflation pressure isn't going away anytime soon, which basically locks in rate hikes for the RBA. They're signaling May and August as the most likely windows for Australia to raise rates. The tricky part is that while inflation might spike quickly, the real economic damage could linger for quarters. So the RBA's probably looking at a tougher balancing act - they need to tackle inflation but also watch out for growth getting hit. Worth monitoring how the data actually comes in this week.