RBA meet Tuesday with the statement due at 2.30 pm Sydney time; 0430GMT
I posted an earlier Reserve Bank of Australia preview here:
This one now, quick thoughts from ANZ (bolding mine):
- Last month's post-meeting statement highlighted some additional risks in the form of Italy, emerging markets and, locally, "some further tightening of lending standards."
- Italy is less of an issue, but global trade tensions are rising and local credit conditions remain in focus.
- On the other hand, Q1 GDP was robust, the unemployment rate has fallen and business conditions and consumer confidence are elevated.
- Overall we expect the RBA to remain upbeat, with "further progress in reducing unemployment and having inflation return to target" continuing to be the central expectation.
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Oh, ahead of the RBA meeting we will get Australian data tomorrow (due at 11.30am local time 0130GMT):
- May building permit approvals
This wont won't impact the RBA announcement
