Some brief snippets from Barclays on the Reserve Bank of Australia meeting today:
RBA decision (Tuesday) and Statement on Monetary Policy (Friday) are unlikely to support market pricing of 15bp of cuts over the next year.
- Policymakers are unlikely to signal any major shift in policy stance but instead will likely sound cautious and data dependent.
- We expect the RBA to downgrade its growth and inflation forecasts for 2019, on account of the weaker external backdrop and lower commodity prices.
Earlier previews:
- AUD traders - RBA preview - and where to for the AUD
- AUD traders - RBA meet Tuesday 5 February 2019 , preview
- RBC - Reserve Bank of Australia first monetary policy meeting for 2019 is tomorrow - preview
- Barclays on the Reserve Bank of Australia
- preview of the Reserve Bank of Australia meeting on Tuesday February 5 via Capital Economics
