The Reserve Bank of Australia SoMP is due at 00130 GMT on Friday 9 November 2018
Earlier preview is her:
And also, some snippets are in the previews of Tuesday's RBA meeting
- Heads up for AUD traders - RBA announcement coming up today Asia time
- Tuesday is RBA day - here is a preview
- RBA meeting Tuesday November 6, preview
TD:
- Aussie growth has been firmer lately, with unemployment lower and core inflation has eased to 1.75% annualized since the RBA's August Statement of Monetary Policy, and TDS expects the only meaningful change from the RBA to be dropping their unemployment forecast from 5.5% to 5.25% for December.
- With the odds of an RBA on hold results firmed-in at 95%, TDS expects the RBA's optimism to remain on the high side, as the Australian central bank sees GDP growth of 3% and unemployment at 5% nearly two years ahead of schedule, and changes to forecasts are likely to remain limited to the December 2018 set, with longer timeframes remaining unchanged.
Daiwa:
- in recent months the unemployment rate has tracked slightly lower than the RBA had expected, providing some counter to a Q3 CPI report that may have been on the soft side of the RBA's expectations (but not clearly inconsistent with the RBA's year-end forecast).
