Reserve Bank of Australia Governor Lowe speaks at 0645GMT
And third quarter inflation data is due on 30 October 2019 at 0030GMT
Earlier previews are here:
- Australian Q3 inflation data - early preview
- Week ahead view for the AUD
- Soft Australian Q3 CPI this week could increase chance of RBA cut in Nov - Citi
A couple of snippets from bank previews, RBC:
- the familiar pattern of RBA policy action post a key quarterly inflation report has largely been discarded this year
- We expect the key core measures (trimmed mean & weighted median) to have remained modest in Q3, rising just 0.4 q/q and y/y inflation steady at 1.4%.
- For headline we expect a slightly stronger 0.6% driven by some stronger seasonals in the quarter (including the 3% yearly minimum wage increase and 12.5% tobacco excise bump-up) and some impact from a lower currency
SG:
- the trimmed mean CPI should be steady at 1.6% yoy, while the weighted median CPI should increase a bit from 1.3% to 1.4%, as downside pressures are likely to be concentrated on oil (petrol) prices.
- low inflation would continue to support our base scenario of an additional 25bp RBA rate cut in 2Q20
