16 Apr
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Good morning. 1. RBA day. The main event in markets today will be the minutes from the RBA’s April rates meeting at 11.30am AEDT. “We don’t expect any surprises from the RBA Minutes,” says Rodrigo Catril, senior FX strategist at the National Australia Bank. “The key message should be that a gradual decline in the unemployment rate is expected, along with some pick up in wages and an eventual return of inflation to target. So the main inference is that monetary policy will also evolve gradually.”
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