The monetary policy Board of the Reserve Bank of Australia meet Tuesday 4 September 2018
There will be no change to the cash rate
But, as always there will be statement to scour for clues (ps, there is never a news conference following the meeting in case you are wondering)
Local banks here have written previews, just in quick summary from NAB:
- On the RBA, no change in policy is expected at the Board Meeting on Tuesday- market pricing has the chance of a hike at 0.0% - with only 1 basis point priced in by the end of 2018. Nevertheless, RBA watchers will dissect the post-meeting Media Release and Governor Lowe's remarks on Wednesday night for any clues for the policy outlook.
ANZ:
- On the RBA, no change in policy is expected at the Board Meeting on Tuesday- market pricing has the chance of a hike at 0.0% - with only 1 basis point priced in by the end of 2018. Nevertheless, RBA watchers will dissect the post-meeting Media Release and Governor Lowe's remarks on Wednesday night for any clues for the policy outlook.
And, more from ANZ on Lowe speaking Wednesday:
- Governor's remarks (4 Sept): The Governor is speaking in Perth. Of particular interest will be any comment about higher mortgage rates
