Australia - RBA July meeting minutes due today - preview #3

Author: Eamonn Sheridan | Category: Central Banks

Earlier previews of the Reserve Bank of Australia minutes are here:

This now, via CBA:
  • This coming week financial market focus will be on the key June labour force data, and the July RBA Board minutes.
  • These latest minutes are likely to confirm that the Bank remains comfortable that the desired transition in the economy's growth pattern to non-mining sector growth is on track and the inflation outlook likely remains tame in the next year or two.
  • As a caveat, the RBA will likely note the economic transition has some way to go and a rising AUD could "complicate" this smooth transition.
  • We see no change in RBA policy settings until QIV 2018. We then see the RBA lifting the RBA official rate by 0.25%to 1.75%.