There are no expectations for any change to policy from the RBA today

  • None
  • Zero
  • Zilch

On hold, got it?

The interest will be on any changes to the statement

Previews here:

The Reserve Bank of Australia has been sanguine (happy) to let policy trundle along where it is. And yet ... the 'partials' for Q4 GDP we have seen have been not good (I reckon they are dismal, but maybe that's just me)

Trade will be a net subtraction from the result .... hello? Global growth is strong and Australian trade is negative,?OK then.

There will be a huge positive from .... government spending and investment.

Far be it from me to question this, but it is not inspiring my confidence.

GDP growth (data due tomorrow) for Q4 is expected at around 2.4 / 2.5% y/y. Expectations have been titled a little lower following the Q4 data flow yesterday and today.

2.4 to 2.5 pussent ... That is not a good performance.

If anyone has heard Ed Sheeran's 'Thinking Out Loud' it is a marvel (IMO).

Anyway, its a it's a lot better than my thinking out loud ... Which is ... I reckon the RBA have room to act today. A surprise cut would be nice, a nice boost for an economy that may very well need one.

Note - there have been no indications from the RBA they'd do this (Stevens did it .... but no sign from Lowe ... like I said above, the Bank seems happy enough) so its not likely.

But it'd be nice.

/rant

Carry on (ps. thoughts/flames welcome in the comments)