The December meeting of the Reserve Bank of Australia monetary policy board is today
- announcement due at 0330 GMT
- the announcement will accompanied by the statement from Governor Lowe
Earlier previews:
- AUD traders - heads up preview for a 'no change' RBA meeting on Tuesday
- preview here (quick comments from ANZ)
TD, along with everyone else expect a no change change decision, but place probabilities on how the board may express a bias 9in summary from a more detailed note):
- Dovish at 4% … not likely with household debt to income at record highs
- Neutral at 95% … risks abound, but the central RBA scenarios are playing out
- Hawkish at 1% … needs growth in wages for the Bank to turn hawkish
What TD expect for the AUD under each of the scenarios outlined:
