The latest from Bank of America / Merrill Lynch

Their conclusion is the RBA will remain patient on policy. I'd replace patient with complacent but maybe that's me.

Anyway back to BoA, the analyst cite in their reasoning for RBA patience::

  • Q4 GDP rebound

(ps. data for this is due March 6)

  • an RBA focus on Qq
  • upcoming political schedule

(Federal election in May 2019)