The chance of a change in RBA policy is low
The RBA decision is due at 0330 GMT and there is virtually zero chance of any kind of shift in monetary policy. The OIS market sees the Australian central bank on the sidelines for a long time.
The chance of a cut is slightly larger than a hike at about 14% by mid-year but that flattens out from there. The implied probability of a cut is just 4.5% until late in the year.
Given those numbers, it's going to be tough for jawboning to have any kind of an effect.
