Spain Unemployment Change came in at 57.2K, below expectations (71.2K) in January

In view of Goldman Sachs Research Team, the RBA's first formal communication for 2016 signalled an incrementally dovish shift, via an implicit focus on below-target inflation, the challenging requirement for ongoing improvement in the labour market, and the risk that the recent tightening in global financial conditions may weigh on both global and domestic demand.