Central Banks

The Reserve Bank of Australia meet on Tuesday (d’uh) October 2

  • The policy announcement will come at 0430 GMT
  • There will be no change to the cash rate
  • Attention will turn immediately to Governor Lowe’s ‘accompanying statement’
  • There is no press conference, there never is but people do ask me so just adding this in

A quick snippet from Bank of America / Merrill Lynch

  • RBA likely to remain on hold next week following another dovish hold by the RBNZ

(Protip –  the RBA does not give a rat’s what the RBNZ did)


  • We, like the RBA, still see the next move in rates as up
  • economic momentum suggests the risk is for an earlier challenge to current market complacency in RBA pricing
  • The strength of the economy provides significant fiscal flexibility for the Morrison government to underpin household incomes and broader spending ahead of the next election in the mid-year Budget update in December


Source link

Articles You May Like

Live Tradenet Day Trading Room – 04/03/2020 – Nonfarm Payrolls
A small factor in the month ahead
Forex Trading Beginners Session with Mayowa Owolabi
Why Canada went from unemployment support to wage subsidies and why it matters
2020 Forex Trading System Tips and Strategy Explained Tutorial 1

Leave a Reply

Your email address will not be published. Required fields are marked *