What's the time Mr. Wolf? It's the first Tuesday of a new month - it's time for the Reserve Bank of Australia's (RBA) scheduled monthly board meeting.
Financial markets expect the RBA to do nothing this month but expectations further out have changed from steady to a cut in the official cash rate, with the Australian central bank itself just recently changing its policy bias from tightening to neutral. Note, Westpac recently announced two rate reductions of 25 bps each - one in August, another in November this year.
No doubt the men and women of the RBA board would have seen the latest statistical updates on the domestic economy. Below are some of these indicators, sourced from Rainmaker Live.
Having seen the Australian economy in pictures, how would you vote if you're seated on the RBA board?