Coming up at 0430 GMT the announcement and accompanying Statement (from Gov. Lowe)
There is no expectation of any change in the cash rate
Focus will be on the Statement
I posted preview earlier:
- AUD traders - heads up for the RBA announcement and statement today - previews
- AUD traders - RBA announcement due today - preview
- AUD traders - RBA announcement due today - another preview
- AUD levels ahead of the RBA today
And, if you are donw this far - bonus preview!
RBC:
- We aren't expecting much fresh insight from a meeting which will almost undoubtedly see the Reserve Bank stick with a 1.5% cash rate for the 20th consecutive month.
- There has been little fresh data since February's meeting which would warrant a change in stance
