RBA October monetary policy decision due at 0330gmt (Tuesday 3 October 2017)
- No change to the cash rate target expected
- Little change expected in the accompanying statement wither
- No press conference (there never is)
Earlier posts:
- RBA October monetary policy decision and statement due Tuesday - previews
- Reserve Bank of Australia announcement/statement today - preview
Here are another 3 quickies (I know the title says 2, the extra one is a bonus if you've read this far ;-) ):
TD Securities:
- Unanimous consensus expects 1.5% through to year end, and neutral RBA rhetoric has made sure that this will remain the case.
- We expect a control C-control V statement from September as to not draw unnecessary attention.
- We do not look for a hawkish tilt from Governor Lowe until February 2018 at the absolute earliest.
HSBC:
- The RBA is expected to be firmly on hold in early October, ahead of the all-important Q3 CPI print due later that month.
- Growth indicators remain positive, with business conditions around decade highs and jobs growth picking up pace.
- We see this putting some upward pressure on wage growth and underlying inflation over time and expect a hike in early 2018.
CBA:
- The RBA Board meeting is expected to deliver a "no change" position on the 1.5% cash rate.
- The accompanying Statement may contain the usual comments on the improving prospects for the domestic economy and the labour market
