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%
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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.