Coming up from the RBA this week – speeches, minutes (& AUD data later in the week too)

A heads up for AUD traders on a few items locally to look out for this week 

Tuesday 15 May 2018 

Speech by Guy Debelle, Reserve Bank of Australia Deputy Governor

  • The Outlook for the Australian Economy
  • from 9.10 am Sydney time (2310GMT)

Minutes of May 2018 Monetary Policy Meeting

Then, another speech by Guy Debelle

  • Interest Rate Benchmark Reform
  • From 11.40 am (0140GMT)

Wednesday 16 May 2018

Australian Wage price index for Q1

  • due at 11.30 am (0130GMT)
  • Slow wage growth has been a worry for the RBA, despite jobs growth slow wages are weighing on spending. Labour market constraints cited by firms (finding suitable labour) should act to push up wages faster, let’s see if the data reflect this

Thursday 17 May

Australian jobs report for April

  • While monthly data is volatile the ‘trend’ is positive. Strong (record levels) business conditions, strong profitability & strong hiring intentions all point to ongoing employment growth

I’ll have previews for the data posted later in the week.

 

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