A preview of what is coming from the Reserve Bank of Australia this week:

Philip Lowe, Governor, speaks at the Breakfast event to launch ASIC's National Financial Capability Strategy 2018,

  • 20 August 2018 2200GMT

Later the same day (Australia time) Minutes of August 2018 Monetary Policy Meeting of the Reserve Bank Board

  • 21 August 2018, at 0130GMT

The, the following day this should be worth hearing from Guy Debelle, Deputy Governor

  • The topic is Low Inflation
  • (venue is the Economic Society of Australia Business Luncheon)
  • 22 August 2018, 0310GMT

Says NAB (bolding mine):

  • There's been a lot of communication from the RBA in recent weeks, last week's Board meeting press release, a speech from Lowe, and the Statement of Monetary Policy, plus Lowe's testimony … and Ellis' speech
  • All of it has shared a consistent message on policy. The Bank expects gradual progress toward full unemployment and a rise in inflation, and therefore the next move is likely an interest rate hike, but not for a while.

On Lowe and (more specifically) Debelle:

  • Given the recent resurfacing of debate on Australia's inflation target, it will be interesting to see whether Debelle uses his speech to further dispel the idea that the Bank should lower its target. Both speeches will be followed closely for further colour on the Bank's view, outside its central scenario for gradual progress.

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There is data due mid-week also

  • Wednesday 22 August 0130GMT
  • Construction work done, Q2 ... this feeds into Q2 GDP data (that data is due in September)