Reserve Bank on track to trim emergency support as economy rebounds

It's a big day for Australia's Reserve Bank which is likely to flag how and when it will wind-back massive emergency stimulus rolled out at the height of the pandemic.

While the RBA is expected to leave the official cash rate on hold, economists will be watching for any changed language that might signal whether rates will start rising ahead of schedule.

I previewed the central bank's July board meeting when I spoke with Thomas Oriti on ABC NewsRadio.