The BIS added that its analysis should be used to develop a more informed view about markets, but investors should treat its powers of prediction with a degree of caution. “As always, they have been calibrated based on past experience, and cannot take account of broader institutional and economic changes that have taken place since previous crises,” the BIS said. “The much more active use of macroprudential measures should have strengthened the resilience of the financial system to a financial bust, even if it may not have prevented the build-up of the usual signs of vulnerabilities.”
There will be no major data releases from Australia tomorrow. In the US session CPI figures will be released. Analysts predict 0.2% increase.
Figures to watch:
CPI (Tuesday 14:30)