Preview of the Reserve Bank of Australia November monetary policy board meeting
I stole this from Generously shared by Livesquawk ... these guys offer a free trial, and as you can see from this they are more just 'live squawk' (though its great to get headlines, data yelled out for instant results).
The RBA stood pat last time out, keeping its cash rate at a record low of 2.00% for the sixth consecutive meeting. In the interim governor Glenn Stevens has given a speech, and the bank has released its quarterly statement on monetary policy (SoMP), potentially negating some of the attention that would usually be given to the release.
The board judged that monetary policy should remain accommodative as low interest rates are helping to support borrowing and spending, and that prospects for an improvement in economic conditions had firmed a little over recent months, thus justifying no change in rates once again.
The central bank also seemed unphased by the big four commercial banks hiking variable mortgage rates (a move which some suggested gave the RBA room to ease).
Following the bank's latest decision the governor noted some concern over the weak inflation data that was released at the end of October, positing that the "outlook for inflation may afford scope for further easing of policy."
The SoMP showed slightly trimmed inflation forecasts from the Reserve Bank, however, the minutes may shed more light on the worry over the matter from within the board.
Capital Economics point out that "since the decision there has been some stronger data out of Australia, most notably the October labour report, with consumer confidence also firming which could act to calm fears over inflation."
In the wake of the recent strong labour market report Goldman Sachs and UBS have removed their calls for further easing from the RBA, and markets have moved substantially to price in less of a chance of further easing.
RBA Minutes due at 0030GMT