I posted my preview of the Reserve Bank of Australia meeting today here a little earlier
Just a few brief comments from Barclays. they do not expect a cut today, indeed they see rates on hold for an extended period:
- Strong house prices remain a major obstacle to a further RBA cut .... the RBA is saying monetary policy must take into account risks to financial stability
- Though a rate cut remains an option
- Says a future cut may come from RBA frustration with the slow pace of growth outside the mining sector
- Market pricing is suggesting a pause
