September 23, 2024 at 08:59PM
The Reserve Bank of Australia (due at 0030 US Eastern time) is expected to leave its cash rate unchanged today:
I posted last week on expectations for slowing inflation:
Australia CPI preview – CBA expect “Headline inflation in August back within RBA’s target”
Australian August Monthly CPI preview – Westpac expect 2.7% y/y for the monthly read
And a preview of the RBA statement due tomorrow:
RBA meeting – preview – to leave the cash rate on hold at 4.35%
AUD:
AUD/USD support: RBA on hold with strong jobs market, sticky CPI; Fed policy divergence
And, when to expect a rate cut from the RBA:
CBA shifts expected RBA rate cut timing to December 2024 (from November)
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Also, Bank of Japan Governor Kazuo Ueda will be speaking at a meeting with Business Leaders in Osaka (0105 US Eastern time)
This snapshot from the ForexLive economic data 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.
This article was written by Eamonn Sheridan at www.forexlive.com.
