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

MNI BRIEF: Clarida Questions Relevance Of Fed's Reverse Repos

MNI BRIEF: BOC Calls Talk Of Normalizing Rates Lower Premature

BOC- HIGH CPI MEANS TALK ABOUT NORMALIZING RATES PREMATURE

Coming Up In The Asia-Pac Session On Thursday

EZ/UK Bond Supply Calendar: Italy to sell BTP / CCTeu on Thurs

US EIA: CRUDE OIL STOCKS EX SPR -7.49M TO 473.7M MAR 24 WK

MNI INTERVIEW: Canada Budget Keeps BOC On Pause: Ex Official

MNI BRIEF: FDIC To Conduct Review Of Deposit Insurance

MNI BRIEF: Fed's Barr: Will Use All Tools To Keep Banks Safe

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

RBA Focus Of The Week; 25bp Hike Expected, Forecasts On Friday

AUSTRALIA
HomepageBulletMarketsFixed Income NewsForeign Exchange News

The focus of the week in Australia is tomorrow’s RBA meeting where another 25bp hike to 3.35% is expected. A number of analysts believe that 50bp will be seriously considered but no one in the Bloomberg Survey is expecting the Board to hike that much.

  • The RBA is likely to give an indication of its forecasts in its meeting statement on Tuesday but the details will be published in its Statement on Monetary Policy released on Friday. Headline inflation forecasts are not expected to move much but trimmed mean inflation could be revised higher.
  • Today we have the Melbourne Institute’s Inflation Gauge for January. Last month it rose 5.9% y/y for the second consecutive month, the highest since the series began.
  • Monday also sees Q4 retail sales which includes the inflation adjusted measure. With the monthly nominal series rising 0.9% q/q in Q4, real retail sales are expected to fall 0.5%, which is in line with our estimates using a retail price proxy.
  • On Tuesday trade data for December are published. The trade surplus is expected to narrow marginally to $12.4bn from $13.2bn in November.
183 words

To read the full story

Why Subscribe to

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.

The focus of the week in Australia is tomorrow’s RBA meeting where another 25bp hike to 3.35% is expected. A number of analysts believe that 50bp will be seriously considered but no one in the Bloomberg Survey is expecting the Board to hike that much.

  • The RBA is likely to give an indication of its forecasts in its meeting statement on Tuesday but the details will be published in its Statement on Monetary Policy released on Friday. Headline inflation forecasts are not expected to move much but trimmed mean inflation could be revised higher.
  • Today we have the Melbourne Institute’s Inflation Gauge for January. Last month it rose 5.9% y/y for the second consecutive month, the highest since the series began.
  • Monday also sees Q4 retail sales which includes the inflation adjusted measure. With the monthly nominal series rising 0.9% q/q in Q4, real retail sales are expected to fall 0.5%, which is in line with our estimates using a retail price proxy.
  • On Tuesday trade data for December are published. The trade surplus is expected to narrow marginally to $12.4bn from $13.2bn in November.