The RBA Monetary Policy Board meets on 16-17 March.
Interest in this meeting has surged since Governor Bullock strayed this week from emphasising that the Board would likely take a “cautious” approach to saying that the March meeting will be “live” and the “Board will be actively looking at whether or not it needs to move more quickly”.
The Board papers are currently being drafted against a very uncertain global backdrop due to the Middle East conflict.
Who knows how long the conflict will last but the Board is likely to be provided with scenario analysis on different paths - including timeframes - for the conflict. It may be largely over by the time of the Board meeting, or it may not be.
