With economists expecting some sort of assistance arriving to help with the rising cost of living, it would be unusual if some indications and/or leaks does not start to appear this week.
While it is largely expected the RBA will make no changes to its monetary policy, the traders will be looking forward to RBA’s commentary surrounding bond yields and purchases as that would be pivotal for interest rates.
Both APRA and the Reserve Bank of Australia will remain cautious before undertaking any measures that may tighten the condition of the economy any further.
The RBA positively surprised investors by stating that Australia will avoid another recession, despite lockdowns imposed because of rising Coronavirus cases.
The crash killed 42-year-old mother Nancy Lefrançois and her 11-year-old son Loïc Chevalier, who were travelling in a passenger vehicle struck in the collision.