Reserve Bank of Australia monetary policy meeting, the first for 2019, was on February 5
Previews of the minutes due tomorrow via …
ASB:
- The RBA meeting minutes (Tuesday) should provide further details on the shift to a neutral monetary stance. Meanwhile, the RBA emphasised the importance of the labour market in regard to the direction of future cash rate moves, making Wednesday's Australian wage data and Thursday employment data highly influential for the NZD/AUD this week.
(The data ASB refer to for Wed and Thurs this week, more here)
ANZ:
- The minutes of the RBA meeting will reveal some of the downside risks that the bank highlighted in its last statement, however its impact will be limited given the recent publication of the SoMP. Of more interest will be the parliamentary testimony of the governor. In particular, his answers to any questions on the impact of credit tightening.
(ANZ referring to Lowe speaking in parliament later in the week, Friday 22 February (which will still be Thursday 21 Feb GMT time, 2230GMT)
