Analysts at National Australia Bank (NAB) outline what the Reserve Bank of Australia (RBA) Governor Lowe will comment in his speech about China’s economy, financial system, and the implications for Australia due today at 0805 GMT in Sydney.
Key Quotes:
“Will be carefully listened to, given the global focus on US-trade relations and Australia’s high economic dependence on Chinese economic growth and access to Chinese markets.
Of course, it will also present an opportunity for the Governor to provide another update on the domestic economy, including (last week’s data showing) stagnant growth in wages and a slight uptick in the unemployment rate, despite still solid employment growth.
Lowe is scheduled to speak on the performance of the Chinese economy and financial system and draw out the implications for Australia, all highly topical, something the Bank has been drawing attention to for some months.”
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