As the AUD continues to gain after the release of the minutes, a look at what’s coming up from the RBA ahead, and a note of a possible change in tone to more optimism.
- 18 October 2013, 12.00 pm AEDT
Speech by Glenn Stevens, Governor, at an Australian British Chamber of Commerce Business Lunch - 24 October 2013, 2.00 pm AEDT
Speech by Philip Lowe, Deputy Governor, to the CFA Melbourne Institute’s Annual Investment Conference
In an overnight report from the Wall Street Journal, James Glynn (I highlighted a piece from Glynn here a week or so ago) writes:
- Stevens’ appeal for more optimism might finally be paying off: Confidence is building among both businesses and consumers
- With Mr. Stevens slated to deliver a major speech Friday and Reserve Bank of Australia Deputy Gov. Philip Lowe speaking later this month, the idea that the worst is ending for Australia’s economy is likely to be a common theme
- key message is that the millstones of low confidence and a high currency have eased significantly, clearing the way for non-mining sectors to start rebalancing the resource-dominated economy.
- To be sure, these are still early days for the recovery, and signs of improvement are tentative.
The full article is here, it is not gated
