Reserve Bank of Australia Governor Bullock is appearing in parliament today, giving a prepared speech and then taking questions from the elected bozos.
The RBA is expected to continue cutting its cash rate but at a slow pace. There is a meeting at the end of this month where no cut is expected.
Also on the calendar is the People's Bank of China interest rate decision. This is the Loan Prime Rate (LPR) setting. Expectations fare current rates will remain unchanged:
- one-year 3.0%
- five-year 3.5%
The main policy rate used by the People's Bank of China now is its daily Open Market Operations repo, currently at 1.4%. I post this each day at the USD/CNY reference rate setting.
