Its the RBA’s first meeting of 2014 today, and the announcement is due at 0330GMT, along with the release of the accompanying statement.
There is no change to the current cash rate expected
Attention is going to turn to the accompanying statement, in which I expect:
- a removal of the “uncomfortably high” currency line, perhaps to be replaced with something else, but something not as bearish for the currency
- some concern to be expressed over inflation
- A further watering down of their of their easing bias
Previews here:
- Adam had technicals here: AUD/USD technicals ahead of the RBA decision
- And I’ve posted up what to watch for here: Reserve Bank of Australia – first monetary policy board meeting of 2014 – announcement due at 2.30pm local time
- and what the analysts are saying: RBA meeting today – what are the the bank analysts expecting? – UPDATED
- RBA announcement due at 0330GMT … what will the Australian dollar do after?
