Coming up at 0330GMT on Tuesday 4 February 2019, the RBA announcement and Governor Lowe's statement
- And, on Friday the quarterly Statement on Monetary Policy from the bank
Preview via RBC:
- We expect a less upbeat statement from the RBA following its first board meeting of 2019. Consistent with its global counterparts, the RBA is likely to acknowledge the softer global growth outlook and greater risks as well as their implications for AU. While likely to confirm decent growth in AU and a labour market that remains in good shape, it will also be forced to cut its overly optimistic GDP and inflation forecasts for 2019 signalling a weakening of its mild tightening bias. Coupled with a speech from Governor Lowe on Wed, there will be ample opportunities to confirm if there has been a shift to a neutral stance in line with the global trend. Increased uncertainty suggests this is likely.
