by 50 basis points, and his view on the latest developments in the US-China trade war and what it means for the domestic economy.Investors will be paying close attention to Mr Lowe's testimony and the RBA statement for any hints on when the next Australian rate cut might happen, or whether the nation's economic growth projections will be further downgraded.
"Financial markets are raising risks of recession," said JPMorgan economist Joseph Lupton, saying that the"alarm bell" was loudest in the government bond market. The US-China trade war has been dominating headlines, but Beijing is not the only trading partner in President Donald Trump's crosshairs.
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