Australia - RBA July meeting minutes due today - preview #3
Earlier previews of the Reserve Bank of Australia minutes are here:
This now, via CBA:
- This coming week financial market focus will be on the key June labour force data, and the July RBA Board minutes.
- These latest minutes are likely to confirm that the Bank remains comfortable that the desired transition in the economy's growth pattern to non-mining sector growth is on track and the inflation outlook likely remains tame in the next year or two.
- As a caveat, the RBA will likely note the economic transition has some way to go and a rising AUD could "complicate" this smooth transition.
- We see no change in RBA policy settings until QIV 2018. We then see the RBA lifting the RBA official rate by 0.25%to 1.75%.