The Reserve Bank of Australia statement will come at 0430 GMT and Governor Lowe will speak at a news conference at 0600 GMT
Commonwealth Bank of Australia analysts are expecting the Bank to begin 'tapering' the rate of bond purchases from September
- either by scaling back amounts being purchased
- or spreading out the purchases over a longer period of time
- The Bank may also move to a more flexible programme.
CBA expect the RBA to start lifting the 0.1% cash rate in November 2022, well ahead of the promised 2024 at the earliest from the RBA.
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Earlier post:
- RBA monetary policy meeting July 6 - preview
- How the RBA could push back against markets bringing forward calls for a rate hike
- TD flag a risk of AUD/USD dropping to circa 0.7245
