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Nov 30 - 12:55 PM

AUD: What To Expect From This Week's RBA Minutes And AU GDP Print? - ANZ

By eFXdata  —  Nov 30 - 11:00 AM

ANZ Research discusses its expectations for this week's RBA minutes (Tues) and GDP print (Wed).

"We expect GDP to rise to 3.2% q/q, with the drag from Melbourne’s lockdown more than offset by strength in other states as their economies reopened. The key message is that the Australian economy is weathering the storm better than anticipated, aided by strong health, fiscal and monetary responses," ANZ notes. 

"We expect no change in RBA policy, while Governor Lowe will speak before the Parliament Economic Committee on Wednesday," ANZ adds. 

Source:
ANZ Research/Market Commentary

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