I have posted up some previews of the August Reserve Bank of Australia already, check these out for more:

Adding some previews, this via RBC:

  • The July meeting gave us little in the way of new information on the RBA's thinking, though the minutes had more of a dovish slant with new discussion over global downside risks from both tariff tensions and a slide in Chinese (and some other global) activity indicators.
  • Given further US/China escalations recently and US/EU rapprochement, we'd anticipate an update in the August statement. We will also again be looking for any new commentary on the housing market.
  • We note that on the financing side both CBA and ANZ announced cuts to their P&I mortgage rates this week despite a backdrop of higher funding costs and smaller-bank hikes. The cuts appear to be a market-share strategy, but will allow the RBA to remain comfortable that out-of-cycle tightening is not yet critical

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OH …. headline I had at 0130GMT, its at 0430GMT. This can only mean one thing....

need

MOAR

coffee

BRB