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Plethora Of RBA Speak Due

RBA

A quick reminder that the RBA will publish a review on its yield targeting mechanism at the top of the hour (08:00 Sydney/23:00 London). This will be the first of a trifecta of RBA releases on Tuesday, with Governor Lowe set to speak on inflation and monetary policy at 10:00 Sydney/01:00 London (link to listen in here), while the minutes of the Bank’s June meeting will be released at 11:30 Sydney/02:30 London. This comes after the RBA surprised most by deploying a 50bp rate hike earlier this month (consensus looked for a 40bp move, with only a handful of sell-side economists looking for a 50bp move) as the Bank stuck to moving in conventional multiples of 25bp, leaving the cash rate target at an unconventional 0.85%.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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