MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

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 - March 2023: 25bp In March, Guidance The Focus

EXECUTIVE SUMMARY:

  • As the RBA is widely expected to hike rates 25bp to 3.6% at its March 7 meeting, the focus is likely to be on the statement and any changes to the forward guidance. There may be a tempering of February's more hawkish language given the softer data since that decision but while inflation remains "too high", the message in the inflation phrases in the statement will probably be unchanged. But the RBA is likely to keep its options open.
  • According to RBA-dated OIS, the market is pricing a 92% chance of a rate hike on Tuesday. Beyond the March meeting, however, the market is less certain with a 72% chance of a 25bp hike in April priced and a cumulative 33bp of tightening priced by May.
  • The recent shift in the data is likely to make post-March RBA decisions even more dependent on the “incoming data”.

Click to view full preview:

RBA Preview - March 2023.pdf

Central Bank PreviewHomepageRBA - PreviewCentral Bank ReportsMarkets

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.