The Reserve Bank of Australia monetary policy decision is due at 0430 GMT on July 2 2019.
- Here is what the AUD needs to do to prompt an RBA rate cut
- RBA interest rate decision due today - here's a bank not expecting a rate cut
- RBA monetary policy decision due July 2 2019 - preview (most expect a rate cut)
- RBA likely to deliver second cut today - BAML
- More on the 0.7 big figure for AUD/USD ... and on the 0.6960 level.
- the "balance of risks appears skewed to the upside"
HSBC is another of the (minority) that have called the RBA on hold today, some remarks via chief economist Paul Bloxham. Bloxham acknowledges a decent possibility for a cut today but says August is more likely:
- RBA likely to want more time to evaluate the impact of their cut to the cash rate in June
- And, waiting a further month would give the bank more information on local and overseas economic developments
- "The RBA has made it clear that it is not yet willing to consider unconventional policy tools, but has also noted that its lower nominal bound for the cash rate is probably around 50 basis points - so it is rapidly running out of room to cut"
- "With less firepower available, the central bank may want to spread the cuts out"