Economic calendar in Asia - Tuesday, 21 March 2023 - RBA minutes

All of the data releases listed in our calendar, below, are for New Zealand. The RBA minutes are, of course, from Australia.

The minutes are from the March 7 meeting, when the Bank delivered what was characterised as a 'dovish hike' of 25bp/ Dovish because Reserve Bank of Australia Governor Lowe's statement accompanying the decision diluted guidance on future hikes. While the February and March hikes from the RBA were no brainers the next meeting, April 4, is very much 'live, with divergent previews already:

• Westpac forecast an RBA rate pause at the April 4 meeting
• ANZ maintain their forecast for an RBA rate hike at the April and May policy meetings

Since the March meeting we've had global banking system turmoil. Six major DM central banks have stepped in to try to soothe sentiment:

• ForexLive APac FX news wrap: UBS to buy CS. Fed, 5 other DM CBs offer USD to banks daily

This is another factor the Reserve Bank of Australia will be pondering at the April meeting. Yesterday we heard from Christopher Kent, Reserve Bank of Australia Assistant Governor (Financial Markets) on this, and more:

• RBA's Kent says the Bank will take account of financial conditions in deciding on rates

• 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.