The RBA meets today and we’ll get the announcement at 2.30pm local time (0430GMT)
No change in rates is expected, OIS markets are pricing in only a 6% chance of a 0.25% cut
Attention will turn to the accompanying statement, watching in particular for comments on
- The level of the Australian dollar (the RBA is likely to reiterate that it still sees the AUD as too high)
- The outlook for inflation, which is currently benign and down the bottom end of the desired range
- And any comments on house prices, which have been rising solidly (especially in Sydney and Melbourne)
