Australian Treasurer Chalmers schedules 0230 GMT media conference
- 2230 US Eastern time
- 12.30pm Sydney time
Chalmers will be very happy with the inflation reading just opublished:
While its not Chalmers place to tell the RBA what to do I very much suspect he’ll pile on public pressure for an interest rate cut at the bank’s July 7-8 meeting.
I think he’ll get his way.
This article was written by Eamonn Sheridan at www.forexlive.com.