Australian Markets Weekly: Growth divide still a focus for the RBA

Event risk aplenty this week with the RBA August Board meeting tomorrow, Friday’s RBA Statement on Monetary Policy (SoMP) and key economy reports. Among those data points, the most market sensitive is tomorrow’s retail sales along with a wider trade deficit.

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Event risk aplenty this week with the RBA August Board meeting tomorrow, Friday’s RBA Statement on Monetary Policy (SoMP) and key economy reports. Among those data points, the most market sensitive is tomorrow’s retail sales along with a wider trade deficit, followed by Thursday’s July labour force revealing still steady trend unemployment. We expect the data to again highlight the growth divergence facing the RBA: the stronger domestic economy but a weak external sector.

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