The RBA Rate Statement comes on June 1, at 07:30 GMT+3.
How will the RBA affect the aussie?
The Reserve bank of Australia (RBA) will publish its statement and announce the official rate on September 3, at 7:30 MT time.
The market is assessing the chance of a rate cut during the upcoming meeting. Analysts are sure that the central bank of Australia will ease its monetary policy soon due to the global economic instability. However, not all of them expect September's meeting to be the crucial one for the RBA. Those who don't see a rate cut in September suggest waiting for more indicators and negative news. This data will help the policymakers of the bank to determine their next step. Others think that the Reserve bank of Australia should cut the rate immediately due to the global uncertainties. Anyway, the tone of the RBA Governor Philip Lowe will be in focus, as traders will be looking for hints on the future rate decisions.
• If the RBA is hawkish, the AUD will rise;
• If the RBA is dovish, the AUD will fall.
The Australian Monetary Policy Meeting Minutes are announced on Tuesday at 04:30 MT time.
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Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.