A quick and early preview of the latest from the RBA (announcement due at0430GMT on Tuesday).
- Polls of economists show a unanimous view that there will be NO change on the cash rate
Views from around the place ...
JP Morgan Australia chief economist Stephen Walters:
- "There inevitably will be nods towards recent developments to our north and to the volatility in markets"
- Says the RBA will be on the watch for any serious shocks from China, it will not be moved by the short-term market volatility; will remain focused on the Australian economy
- "The economy still is growing at a disappointing rate, but labour market outcomes have been decent enough"
AMP Capital chief economist Shane Oliver:
- RBA will focus on the (slowly) improving Australian economy
- "The RBA is expected to leave interest rates on hold consistent with its assessment that recent Australian economic data has been a bit better and unemployment a bit lower than previously expected"
Westpac:
- Expect rates to be on hold over the course of the remainder of 2015 and through 2016
- Say risks are titled to the downside
- Economic growth is below par
- Terms of trade still in decline
