Economic calendar in Asia Tuesday, 4 July 2023, RBA day!

It’s a ‘live’ Reserve Bank of Australia meeting today, a hold or a +25bp rate hike is the question! Previews posted already:

• ANZ still expect a rate rise from the RBA next week, a +25bp cash rate hike
  • ANZ expects 25bps rate hike from RBA on Tues and scope for AUD/NZD rally next week
• After Australia’s better CPI data yesterday NAB still expect a July RBA rate hike
• Westpac reaffirms its forecst for a 25bp Reserve Bank of Australia rate hike on July 4

• Only one of Australia big four banks expects the RBA cash rate to remain on hold this week

Apart from the RBA the NZ business survey will be of interest (to the NZD traders at least!). Says BNZ on the release:

• the NZ QSBO, expected to show a lift in confidence and activity indicators, as per the recent monthly readings of the ANZ survey. The value-add of the release will be the indicators on capacity pressures, expected to show a monetary policy-friendly fall, with businesses indicating they are seeing it much easier to find labour after the surge in net migration.

more to come

This article was written by Eamonn Sheridan at www.forexlive.com. Source