Reserve Bank of Australia Governor Stevens speaks on Tuesday (28 April 2015) morning in Sydney (0840AM local time, which is 2240GMT on Monday 27 April 2015)

  • He is speaking at the Australian Financial Review Banking & Wealth Summit

I don't have a topic, but I expect we'll get a heads up on that 8 seconds before the speech officially hits the RBA website (wake up RBA, smell the coffee).

Of course, next week we have the RBA monetary policy meeting (Tuesday May 5), so we'll be watching this speech for any clues.

There was an interesting point made by HSBC head economist Paul Bloxham over the we weekend. He says the recent rally in iron ore prices, along with a bump in demand from China could reduce the chance of the RBA making another rate cut in May.

  • Says the RBA decision will be "finely balanced"
  • "On the one hand, underlying inflation is in the lower half of the 2.0 to 3.0 per cent target band, at 2.3% and growth is below trend, suggesting the RBA could cut rates further ... On the other hand, recent timely data on jobs, retail sales and even the Q1 inflation print surprised on the upside, and the Sydney housing market is still booming, suggesting they could decide to sit still
  • With such a finely balanced decision the track for the iron ore price could tip the scales for the RBA"