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)

More:

  • 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

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