The AFR have an article on the upcoming RBA announcment and statement due at 0430GMT:
- “The Reserve Bank of Australia’s view on the Australian dollar will be the most important element of Tuesday’s policy meeting,
- All of the 32 economists who follow the RBA are tipping no change to the 2.5 per cent cash rate at the September meeting. “
The AFR says:
The Australian dollar’s ongoing strength – trading at around US89.77¢ early on Tuesday afternoon – could elicit further cuts later this year when some banks see the cash rate as low as 2 per cent.
$A calls the shots in RBA rates debate – Australian Financial Review (gated)
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My earlier preview is here
- OIS pricing has the probability of a rate cut from the RBA today at just 3%
