Earlier previews are here.
The release is due at 0330 GMT. Earlier previews:
- RBA meeting Tuesday October 4, 50bp cash rate hike widely expected, then more by year end
- RBA policy meeting next week - Morgan Stanley forecast a 50bp cash rate hike
This now from Barclays.
Via the folks at eFX.
For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. Get it here.
- "Our economists expect the RBA to shift to a slower pace of hikes (by 25bp versus 50bp seen in the last four meetings), bringing its cash rate target to 2.60%. RBA Governor Lowe told lawmakers (16 Sep) that the case for outsize rate hikes has "diminished" as the cash rate was approaching "more normal settings," indicating a slower pace of hikes ahead," Barclays notes.
- "Yet, a 25bp hike is likely to disappoint as OIS markets are priced for 45bp, with the majority of polled participants also favouring a 50bp move. A 25bp hike would weigh on the AUD, against both the USD and NZD, before global drivers exert their influence again," Barclays adds.
AUD/USD update:
