This via TD on the Reserve Bank of Australia meeting today
TD and unanimous consensus expect the RBA to pause again at 1.5%
- Aug and Sep statements were virtually identical
- We see no reason for the RBA to deviate from the script
Recent data has confirmed the RBA's optimism
- Annual GDP in Q2 expanded at the fastest pace in 6 years and the RBA's alternative measure of unemployment, the underutilisation rate, fell to 5yr lows
- US-China trade tensions and consumption remain ongoing uncertainties
For the Australian dollar, TD scenarios
