MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Higher At 7.1046 Fri; -5.03% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1046 FRI VS 7.1020

MNI BRIEF: Beijing Opposes U.S. Measures Against Chinese Steel

INE Business Confidence Data Supports Upward Revisions In Q1 GDP Forecasts

MNI: GERMANY FEB PRODUCER PRICES -2.9% Y/Y

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

RBA Expected To Hike 25bp Again, Q3 GDP To Moderate To 0.6% q/q

AUSTRALIA DATA

The highlight of the calendar this week is Tuesday’s RBA meeting where expectations are overwhelmingly for another 25bp hike bringing the cash rate to 3.1%. The other event of interest is GDP for Q3 on Wednesday.

  • Today the Melbourne Institute measure of inflation prints for November. Last month it rose to 5.2% from 5% but the trimmed mean moderated to 4.9%.
  • In terms of Q3 data, company profits and inventories print on Monday with the former expected to fall 1.5% q/q and the latter rise 1.0%. Then on Tuesday the current account is published and it is expected to narrow to A$6.2bn. This release also includes the contribution of net exports to GDP which are forecast to detract 0.5pp.
  • The Q3 data above feed into GDP, which is published on Wednesday. Analysts expect growth to have slowed to a still robust 0.6% q/q from 0.9% in Q2. Estimates range from 0.1% to 0.8% but most are in the 0.5% to 0.8% range.
  • The October trade account prints on Thursday and is expected to narrow slightly to A$12.1bn with both exports and imports rising 2% m/m.
Energy BulletsCommodities
Energy BulletsCommodities

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.