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RBA Stevens’ is one to watch - TDS

FXStreet (Guatemala) - Analysts at TD Securities notes that RBA Governor Stevens’ Semi-Annual Testimony (Wed 20 Aug): Steven speaks to the House of Representatives Economics Committee.

Key Quotes:

“His opening statement will be a repeat of last week’s SMP overview, with sub-trend growth ahead, inflation within the band, and an uncertain transition from mining-driven growth, hence a period of stability in the cash rate is appropriate”.

“The rest will be up to the politicians asking the right questions, where we’ll be hoping for more discussion of housing, the currency, the budget, and the path for cash rates”.

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