The Reserve Bank of Australia policy statement is due at 2.30 pm Sydney time:
- 0430 GMT and 0030 US Eastern time.
Reserve Bank of Australia Governor Bullock’s press conference will follow an hour later.
Earlier previews:
- RBA meeting – preview – Cash rate to remain unchanged
- Central banks are still on the agenda this week
- Australia- inflation a bit higher than expected, RBA on hold
Outlier call for a rate hike:
- Capital Economics are forecasting a Reserve Bank of Australia rate hike
- RBA meet this week – “History suggests a rate increase is plausible”
—
Snippet from BNZ on what to expect
- The RBA will need to acknowledge the positive
inflation surprise and lower unemployment rate trajectory - So the tone of the statement could come across as more
hawkish than the last neutral one
Current cash rate & inflation:
This article was written by Eamonn Sheridan at www.forexlive.com. Source