The Reserve Bank of Australia decision is unanimously expected to be 'on hold'
- Its due at 0430GMT on Tuesday 4 September 2018
Earlier previews:
- Where to for the AUD today - trading the RBA
- RBA meet Tuesday - preview for what is an assured result
- AUD traders - RBA September meeting is Tuesday - preview
This via Westpac:
- The RBA will hold rates unchanged at their September meeting, as they have since they last cut rates in August 2016. The Governor's decision statement will repeat the line that: "further progress in reducing unemployment and having inflation return to target is expected, although this progress is likely to be gradual".
- Economic growth over the past year was above trend, at 3.1%; inflation is in the target band, at 2.1%; and unemployment has declined to a six year low, 5.3%.
- However, uncertainties and challenges remain, notably around the consumer, weak wages growth, high household debt levels and housing, as prices ease a little following strong gains and as lending conditions tighten.
- We expect the RBA cash rate to remain unchanged at 1.50% throughout 2018 and 2019, and now as well during 2020