The Reserve Bank of Australia monetary policy decision and statement due Tuesday 3 July 2018
- Coming up at 0430GMT
I have posted previews prior, here:
- RBA announcement coming up Tuesday 3 July 2018 - preview (NAB)
- RBA announcement coming up today - preview of what to expect (via Westpac)
- AUD - RBA meeting Tuesday 2 July 2018 - quick preview (via ANZ)
- <a title="The Reserve Bank of Australia meet tomorrow, announcement at 2.30pm local time (0430GMT) TD with their outlook, bolding mine Probability Dovish (AUD - RBA meet Tuesday 2 July 2018, here is a preview (via TD)
- Via Daiwa: RBA Board meeting should be a non-event with neither the Bank's cash rate nor neutral policy stance likely to change.
This (one more) now via CBA:
The RBA are likely to adopt a more cautious tone with respect to the global growth outlook, which may dampen AUD/USD
- There has been a clear slowing in the global PMI's, an escalation of global trade frictions, and apart from a modest lift in crude oil prices, a flat outcome in Australia's commodity export prices over 2018
- Declines in the growth rate of Australia's real gross domestic income relative to real GDP growth, as well as low inflation pressures, continue to add to the case for the RBA to leave interest rates on hold
- Yesterday's news of a further decline in Australian nations house prices in the month of June (-1.696/yr) add to the case for stability in interest rates
