MNI BRIEF: China Steel Market To Remain Subdued In August

MNI China Daily Summary: Thursday, August 1

MNI: BOE VOTES 5-4 FOR 25 BPS RATE CUT AT AUG MEETING

MNI BRIEF: CNB Cuts 2W Repo Rate By 25Bps To 4.5%

MNI BRIEF: Japan Q2 GDP To Rise 0.5% Q/Q; 2.2% Annualised

MNI BRIEF: China Retains Ample Policy Space In H2 – NDRC

US EIA:NAT GAS STORAGE +18 BCF TO 3,249 BCF JUL 26 WK

MNI: US JUN CONSTRUCT SPENDING -0.3%

MNI: US ISM JUL MANUF PURCHASING MANAGERS INDEX 46.8

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI RBA Preview - June 2023:  Close Call, Not “If” But “When”

RBA
  • The RBA remains very data dependent and the more moderate data over the last month gives it the opportunity to “watch and wait” and assess another month’s data including Q1 national accounts. Given this and that the central bank says that policy is restrictive and working, we expect rates to be held at 3.85% in June, but the meeting is “live” and around a third of analysts expect a 25bp hike and the market is sitting on the fence.
  • The tightening bias is likely to be retained. Importantly, a pause won’t mean the tightening cycle is over. it is not a matter of “if” they hike further but “when”.
  • The June, July and August meetings are all "live" with a particularly high probability of a rate hike on August 1 following the Q2 CPI data.
  • See full preview here.
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.