Reserve Bank of Australia Governor Lowe is speaking later, from 6.05pm Sydney time (0805GMT). He is speaking at the Australia-China Relations Institute, Sydney; the topic is:
- Australia's Deepening Economic Relationship with China: Opportunities and Risks
NAB make a point of highlighting this speech:
- will be carefully listened to, given the global focus on US-trade relations and Australia's high economic dependence on Chinese economic growth and access to Chinese markets.
- Of course, it will also present an opportunity for the Governor to provide another update on the domestic economy, including (last week's data showing) stagnant growth in wages and a slight uptick in the unemployment rate, despite still solid employment growth.
- Lowe is scheduled to speak on the performance of the Chinese economy and financial system and draw out the implications for Australia, all highly topical, something the Bank has been drawing attention to for some months.
ANZ, on the other hand:
- Comments from Governor Lowe, about the US-China relationship, are unlikely to be market moving.
So, important or not? I'm gonna say that there is a strong potential for (at least short-term) market moving comments from Lowe, I reckon the focus will be on any commentary he has on the domestic economy and his outlook.
