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16 Mar 2015
RBA minutes in focus - ANZ
FXStreet (Bali) - The RBA minutes from the March meeting and Governor Glenn Stevens speech will be the main focus in Australia this week, notes Daniel Gradwell from ANZ Research.
Key Quotes
"Few ABS data are scheduled for release this week, leaving the RBA minutes from the March meeting (Tuesday), and Governor Glenn Stevens American Chamber of Commerce in Australia luncheon in Melbourne (Friday) as the key events to watch in Australia this week."
"The RBA minutes will be closely analysed given the Bank’s surprise decision to keep rates on hold. The economic data under discussion would have been weak, especially the spike in the unemployment rate in January and the very disappointing CAPEX plans, so we will be looking for further insights into what stayed the Bank’s hand."
"There may also be discussion of the upcoming Financial Stability Review. This review is likely to provide some insight into the RBA’s thinking on the imbalances in the housing market (namely recently strong investor lending in Sydney) and how the announced APRA measures are likely to impact."
Key Quotes
"Few ABS data are scheduled for release this week, leaving the RBA minutes from the March meeting (Tuesday), and Governor Glenn Stevens American Chamber of Commerce in Australia luncheon in Melbourne (Friday) as the key events to watch in Australia this week."
"The RBA minutes will be closely analysed given the Bank’s surprise decision to keep rates on hold. The economic data under discussion would have been weak, especially the spike in the unemployment rate in January and the very disappointing CAPEX plans, so we will be looking for further insights into what stayed the Bank’s hand."
"There may also be discussion of the upcoming Financial Stability Review. This review is likely to provide some insight into the RBA’s thinking on the imbalances in the housing market (namely recently strong investor lending in Sydney) and how the announced APRA measures are likely to impact."