Reserve Bank of Australia preview – more hawkish

The Reserve Bank of Australia policy statement is due at 2.30 pm Sydney time:

• 0430 GMT and 0030 US Eastern time.

Reserve Bank of Australia Governor Bullock’s press conference will follow an hour later.

Earlier previews:

• RBA decision due Tuesday, 7 May 2024 at 2.30 pm Sydney time – hawkish hold?

• RBA meeting – preview – Cash rate to remain unchanged
• Central banks are still on the agenda this week
• Australia- inflation a bit higher than expected, RBA on hold

Outlier call for a rate hike:

• Capital Economics are forecasting a Reserve Bank of Australia rate hike
• RBA meet this week – “History suggests a rate increase is plausible”

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Snippet from BNZ on what to expect

• The RBA will need to acknowledge the positive
  inflation surprise and lower unemployment rate trajectory
• So the tone of the statement could come across as more
  hawkish than the last neutral one

Current cash rate & inflation:

This article was written by Eamonn Sheridan at www.forexlive.com.