The RBA Monetary Policy Statement is due at 2.30pm Sydney time on Tuesday 6th June 2023.
- This is 0430 GMT and 0030 EST
As I posted earlier, expecting consensus is a comment decision but not a foregone conclusion, this is very much a “live” meeting.
Previews:
RBA cash rate hike expected +25bp due to ‘lingering inflation and wage concerns’
- ANZ, CBA, NAB and Westpac all expect the RBA to pause at a meeting next week
- ANZ raised its forecast for the final RBA interest rate to 4.35% (from 4.10%)
- The National Australia Bank expects a +25bp rate hike from the RBA, but not until August
- Tomorrow’s RBA Policy Meeting – Preview
- Bank of America Reserve Bank of Australia Preview – Expect the cash rate to be left unchanged
And Greg has AUD Techniques here:
- AUDUSD sets the midpoint of 50% as the upside resistance…again.
Also note that it won’t be long after that, at 9.20am and 9.50am on Wednesday, 7th June 2023 Lowe and Bullock talk
- Wednesday 2330 GMT and Tuesday 7.30 pm EST
If there is any explanation to be done after today’s decision, this opportunity will provide.
note. Those links you see in the pic I’m going to post as I get closer to the two events tomorrow.
This article was written by Eamon Sheridan on www.forexlive.com.