Australia RBA Chart Pack

Info

History

Chart

Impact:

Low

Source: Reserve Bank of Australia

Next Release:

Date:

Period:

What Does It Measure?

The RBA Chart Pack is a comprehensive publication by the Reserve Bank of Australia that measures a variety of economic indicators relevant to Australia's financial and economic landscape. It focuses primarily on trends in production, employment, inflation, and the Australian dollar, providing a detailed assessment through key indicators such as GDP growth, unemployment rates, and consumer price index (CPI).

Frequency

The RBA Chart Pack is released quarterly, typically published a few weeks after the bank's monetary policy meeting, and serves as a vital tool for both policymakers and market participants to assess the economic situation.

Why Do Traders Care?

Traders pay close attention to the RBA Chart Pack as it provides critical insights into economic health, influencing market sentiment towards the Australian dollar, equities, and fixed-income securities. Higher-than-expected growth indicators can bolster the Australian dollar's value, while adverse data may decrease investor confidence and lead to selling pressure in financial markets.

What Is It Derived From?

The RBA Chart Pack is derived from a multitude of data sources including official government statistics, proprietary economic models, and various market surveys. The data is collected through standard statistical techniques and rigorous methodologies, ensuring a high level of reliability and accuracy.

Description

The RBA Chart Pack includes a range of visual data representations such as charts and graphs that depict economic trends over time, making complex information more accessible. It consolidates vital economic statistics that help analysts evaluate the current economy's performance, providing context for future policy decisions by the RBA.

Additional Notes

This chart pack serves as a coincident economic indicator, reflecting the current state of the economy as opposed to predicting future trends. It is frequently used in conjunction with other reports such as the Statement on Monetary Policy, helping to correlate and confirm broader economic trends.

Bullish or Bearish for Currency and Stocks

If the RBA Chart Pack indicates higher than expected economic growth: Bullish for AUD, Bullish for Stocks. If it shows lower than expected growth: Bearish for AUD, Bearish for Stocks. A hawkish tone suggesting tightening due to inflation concerns is usually bullish for the AUD but bearish for Stocks due to higher borrowing costs.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Time	Actual	Forecast	Previous	Surprise