The Reserve Bank of Australia / New Zealand may cut rates

The economic calendar may include an interest rate cut by the Reserve Bank of Australia and the Reserve Bank of New Zealand. Both will meet with the market giving a 40-50% chance of a 0.25% cut.

The major economic events and releases for next week include:

Monday:

  • China Caixin services PMI
  • FOMC Williams speaks
  • BOC Gov. Poloz speaks

Tuesday

  • Australia retail sales
  • Australia trade balance
  • New Zealand inflation expectations Q/Q
  • Reserve Bank of Australia rate decision
  • UK BOE Cuniffe speaks
  • EU economic forecasts
  • Canada Ivey PMI
  • FOMC Quarles speaks
  • BOE MPC Haldane speaks

Wednesday:

  • Reserve Bank of New Zealand rate decision
  • RBNZ press conference
  • China Trade Balance
  • FOMC Brainard speaks

Thursday

  • China CPI YoY
  • Canada trade balance
  • Fed's Powell speaks
  • US PPI
  • treasury currency report

Friday

  • Reserve Bank of Australia monetary policy statement
  • UK GDP
  • UK manufacturing production
  • Canada employment statistics
  • US CPI
  • FOMC Brainard speak