However, the focus of the session was on RBA Meeting Minutes. The minutes of the RBA’s March policy meeting offered very little new information for markets. It remains optimistic about the Australian and global economy yet remains uncertain about the outlook for Australian household spending and wage growth. Until that uncertainty is resolved, interest rates are likely to remain unchanged.The Reserve Bank of Australia (RBA) released the minutes of its March monetary policy meeting today to little fanfare, largely reflecting that nothing has really changed in recent weeks.
There will be no major data releases from Australia tomorrow. In the US session focus will be on FOMC interest rate decision as well as following press conference with analysts expecting interest rate hike to 1.75%.
Figures to watch:
Federal Funds Rate/FOMC Press Conference (Wednesday 19:30)