The response to the Reserve Bank of Australia announcement today is likely to be muted as the market awaits further information.
That is, the government's budget for next year
- Which will be announced at 7.30pm Sydney time (0830GMT)
The election is due in May so its likely there will be pre-election brines in store for the electorate, tax cuts and what have you. But … with the election so close getting the necessary legislation through parliament ahead of then is going to be a close run thing, at best. And, the government is behind in the current polls (FWIW … polls that is)
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For RBA previews:
