Heads up: RBA financial coverage resolution for August due on the backside of the hour

As we glance to the choice in only a bit, merchants have already absolutely priced in a 25 bps fee lower for immediately. And in searching via to year-end, there may be ~58 bps of fee cuts priced in. Given the expectations and market odds, the response is prone to be comparatively muted as long as the RBA delivers as they need to. And which means no curveballs, which they cannot actually afford to in the meanwhile to be truthful.

From yesterday: RBA poised to chop money fee tomorrow after July pause

This text was written by Justin Low at investinglive.com.