The speech by Christopher Kent, Assistant Governor (Financial Markets) at the Reserve Bank of Australia is titled “Channels of Transmission’ and will be of note for how the RBA is responding to inflation pressure in Australia.
The Bank has paused its rate hike path for the past 3 meetings. On October 25 we get official quarterly CPI data. Monthly indications of inflation, and others (yesterday’s business survey, for example) have shown encouraging signs of diminishing inflation pressure and if the October 25 data release confirms then the Bank should remain on hold at its next meeting, on November 7. Until that data is in though the November meeting does remain ‘live’.
- This snapshot from the ForexLive economic data calendar, access it here.
- The times in the left-most column are GMT.
- The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
- I’ve noted data for New Zealand and Australia with text as the similarity of the little flags can sometimes be confusing.
This article was written by Eamonn Sheridan at www.forexlive.com. Source