RBA

Reserve Bank of Australia meeting today - preview - on hold expected

• Reserve Bank of Australia statement due at 2.30pm Sydney time

Economic calendar in Asia Tuesday, September 24, 2024 - RBA day, and BOJ Ueda speech too

• Reserve Bank of Australia statement, Bullock press conference, Bank of Japan Governor Ueda speech

Australian (populist swill) politicians are now actively moving to remove RBA independence

• A minor political party in Australia are "consciously and deliberately" injecting politics into the Reserve Bank of Australia

Newsquawk Week Ahead: Highlights include US PCE, Global PMIs, RBA, SNB, and Australian CPI

• Next week highlights include US PCE, Global PMI data, rate decisions from the RBA, SNB, Riksbank and Banxico. Elsewhere there is Tokyo and Australian CPI, China Industrial Profits as well as the Japanese LDP Party Leadership race.

RBA meeting next week - preview - to leave the cash rate on hold at 4.35%

• Outlook for the Reserve Bank of Australia

CBA shifts expected RBA rate cut timing to December 2024 (from November)

• Projects 125bp easing by end-2025.

AUD/USD support: RBA on hold with strong jobs market, sticky CPI; Fed policy divergence

• On hold RBA vs. an easing Federal Reserve

Australian Jobs Market Report August: Expectations and Trends

• The RBA's focus on stable inflation and full employment continues as upcoming inflation developments look positive.

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

• This would be close to the mid point of the RBA 2 - 3% target band

RBA Assistant Governor (Financial System) Jones speaking today, Wednesday, September 18

• Heads up for a Reserve Bank of Australia speech

Former Reserve Bank of Australia Governor Fraser says the RBA should cut its cash rate

• Fraser says the current RBA board is excessively focused on inflation and risks the jobs market

RBA Assistant Governor Hunter Q&A - more

• Comments from the host

RBA's Hunter speaking in Q&A now - turning point ahead for Australian economy

• Q&A now with Sarah Hunter, Assistant Governor (Economic) at the Reserve Bank of Australia

RBA's Hunter says the Australian labour market is still tight relative to full employment

• Reserve Bank of Australia