Reserve bank of australia

Looking ahead, the upcoming week features interest rate decisions from three major central banks (RBA, BOC, and ECB), while data highlights include UK and US services PMIs, Aussie GDP, Chinese trade figures and jobs reports from both North American nations.

Mirroring last week’s shift at the Federal Reserve, the RBA has now shifted its future interest rate expectations into neutral.

We have already had some poor data on the housing market as building approvals slumped once again, and economists are not too optimistic on retail sales with the data scheduled to be released in the early hours of Tuesday, ahead of the Reserve Bank of Australia’s monetary meeting decision at 03:30 GMT.