Economic calendar in Asia - Monday, 6 March 2023 - Australian inflation

The Reserve Bank of Australia meet tomorrow, Tuesday, 7 March 2023, with its statemtn due at 2.30pm Sydney time

• 0330 GMT, which is 10.30 pm US Eastern time

The Bank will hike its cash rate again, by 25bp. Its way behind the inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term rate.

• Australian monthly CPI (January) 7.4% (expected 8.1%)

Today we get another monthly CPI reading, this time from the Melbourne Institute Inflation Gauge. MI's inflation gauge for January showed ongoing high inflation and will likely continue to do so in today's, February data, release.

• The Melbourne Institute Inflation Gauge is produced by the Melbourne Institute of Applied Economic and Social Research at the University of Melbourne
• Its a well-respected early indication of inflationary trends in the Australian economy, closely monitored by policymakers.
• It predates the Australian Bureau of Statistics' monthly CPI measure by many, many years and has a strong track record.

• This snapshot from the ForexLive economic data Economic Data Economic data typically comes in the form of news releases that are disseminated daily. This information is extremely valuable to retail and institutional forex traders, given the influence such data has on currency rates.Most of the major economic events that are released are reported by sovereign governments throughout the globe. Moreover, there are several economic data points that are released by private organizations that can also move the market.By and large, when new information becomes a Economic data typically comes in the form of news releases that are disseminated daily. This information is extremely valuable to retail and institutional forex traders, given the influence such data has on currency rates.Most of the major economic events that are released are reported by sovereign governments throughout the globe. Moreover, there are several economic data points that are released by private organizations that can also move the market.By and large, when new information becomes a Read this Term calendar, access it here.
• The times in the left-most column are GMT.
• The numbers in the right-most column are the 'prior' (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.