Its CPI day in Australia, along with a speech from Reserve Bank of Australia Governor Stevens.

0030GMT - Westpac Leading Index for June, prior was -0.1% m/m

  • Last month's result was a disappointing one, with the 6-month annualised growth rate of the Index down from +0.19% in April to -0.02% in May
  • Westpac expect another fall today, notably a further decline in Westpac's Consumer Expectations Index

0130GMT - Q2 CPI index

The 'headline' result is the q/q CPI for Q2:

  • expected is +0.8%,
  • prior was +0.2%

And, for the y/y,

  • expected is 1.7%, prior 1.3%

For the 'trimmed mean' (which is the measure the RBA pays most heed to): it is the 'core' inflation figure where the RBA target band is 2-3%.

For the q/q:

  • expected 0.6%

  • prior 0.6% q/q

For the y/y:

  • expected is 2.1%, prior 2.3%

Finally, there is the 'weighted median' CPI:

  • For q/q: expected is 0.6%, prior was 0.6%

  • For y/y: expected is 2.3%, prior was 2.4%


At 0305GMT we get a speech from RBA Governor Stevens at the Anika Foundation.

Stevens speaks each year here and uses the speech to give his views on the economy and policy. There will be a Q&A following.