Or, maybe the headline should read (spot the difference): Reserve Bank of Australia meeting tomorrow - here comes another cut?

I'll have more on the RBA today and tomorrow, but for now, here is one of Australia's better RBA commentators, on what he expects:

  • With neither inflation nor the labour market nor real estate prices an impediment, the Bank is likely to move its cash rate from 1.75 to 1.5 per cent on Tuesday

Breaking those 3 salient points down (though I reckon it's the first 2 that are the important ones, house prices haven't been an impediment for a good while, if at all);

  1. underlying measures of annual inflation are the lowest in records going back thirteen years. The headline rate is 1 per cent, well below the Bank's target of 2 to 3 per cent
  2. Employment is growing more slowly than new entrants to the labour force
  3. (House price) actual increases are less alarming

Link is here for more

-

The RBA announcement is due at 0430GMT on Tuesday 2 August 2016.

ForexLive will be both live and, err, all Forexxy, over the announcement.