Yep – the big event on the calendar today in Australia is the RBA meeting, the last one before the holidays (there is no meeting in January, the next is scheduled for February 4). Market expectations are for no change in the cash rate, it will be the accompanying statement that will attract the most attention … specifically if the AUD is still deemed to be ‘uncomfortably high’
- Announcement scheduled for 2.30pm local time, 0330GMT
Prior to the announcement we get some economic data releases at 0030GMT:
- Retail Sales for October, expected is +0.4% m/m, prior was +0.8%
- Q3 Balance of Payments Current Account Balance, expected is -11.5bn, prior was -9.4bn
Also today is the services PMI from China (due at 0100GMT)
