Reserve Bank of Australia monetary policy meeting for November is on Tuesday
They will stick their feet up on the desk and do nothing
- They will do this nothing at 2.30pm local Sydney time, that is 0330GMT
- The statement to accompany the doing of nothing might hold a bit of interest as some signs of a little weakening are emerging (not enough to shift the feet off the desk though)
I'll post up a few bank previews ahead of the nothing. This one to kick it off via ASB
- The Reserve Bank of Australia is universally expected to keep the cash rate on hold at 1.5% in November.
- Of most interest will be Governor Lowe's comments around the labour market, inflation and the housing market. We expect the Governor to make the comment that the latest inflation data were broadly in line with the Bank's expectations. And that the RBA's central forecast is for inflation to be higher in 2019 and 2020 than it is currently. On the labour market, Lowe will likely remain upbeat.
