The Reserve Bank of Australia decision is unanimously expected to be 'on hold'

  • Its due at 0430GMT on Tuesday 4 September 2018

Earlier previews:

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