Economic data due from Asia today (& RBA meeting)

Reserve Bank of Australia meeting the focus

  • No change to policy expected, Bank expected to remain neutral
  • Announcement and statement due at 0330GMT
  • TD Australia outlook - "we expect the RBA Board tomorrow to remain neutral"
  • RBA monetary policy meeting next week (March 7). Let the previews begin!

Prior to the RBA ...

2200GMT - RBNZ Governor Wheeler to speak

  • It's a private speech, no media

2230GMT - Australia - Construction PMI

  • Australian Industry Group Performance of Construction Index for February
  • prior 47.7
  • Last week we got the manufacturing and services PMIs: Australia - Manufacturing PMI (February): 59.3 (prior 51.2) and Australia - Services PMI (February): 49.0 (prior 54.5)

2230GMT - Australia - ANZ-Roy Morgan consumer confidence index for the week

  • prior bouncy to 119.1

2350GMT - Japan reserve assets for February

0001GMT - UK - BRC Like -for-like Sales for February

  • expected -0.5%, prior -0.6% y/y

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