Reserve Bank of Australia Statement due at the bottom of the hour

I posted earlier today:

• The Statement on Monetary Policy sets out the Bank's assessment of current economic conditions, both domestic and international, along with the outlook for Australian inflation and output growth. A number of boxes on topics of special interest are also published. The Statement is issued four times a year.

It'll have updated forecasts. I posted a very brief preview here earlier in the week:

• RBA due today, then on Friday the Bank issues updated forecasts in its quarterly statement

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ANZ comment:

• Of particular interest will be the interest rate levels assumed in the forecasts
• We suspect a cash rate of 3% will feature