Christopher Kent, Deputy Head of the Reserve Bank of Australia, Speaks. Australia, 00:20 (GMT+2)

Christopher Kent, Deputy Head of the Reserve Bank of Australia, Speaks. Australia, 00:20 (GMT+2)

At 00:20 (GMT+2), a discussion on financial markets will be held in Sydney, in which RBA Deputy Head Christopher Kent will take part. The speeches of the officials of such a high rank attract the attention of investors, as it can shed light on the further actions of the monetary authorities. This year, the Australian regulator has already reduced the rate thrice, bringing it to the level of 0.75%. However, the state of the Australian economy is unsatisfactory, as retail sales are still poor, Q2 GDP slowed down to 1.4%, the unemployment rate has been around 5.2% for six months now, without a decline. Under the conditions, the market expects further action from the RBA, and their details can be found in Kent’s speech.

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