Goldman Sachs - Reserve Bank of Australia preview

The RBA meet on Tuesday 7 February 2017

• The decision announcement and the Governor's accompanying Statement will be at 2.30pm Sydney time
• 0330GMT
• Note also that on Friday (10 February) the Reserve Bank of Australia publish their Statement on Monetary policy. The Statement is issued four times a year, it updates the Bank's assessment of current economic conditions (domestic & international), along with their outlook for Australian inflation and output growth.

Goldman Sachs preview (in brief)

• Expects the cash rate to be left on hold
• Expect the RBA to update (lower) its GDP forecast to account for the negative Q3 GDP result
• GS have as their base case an RBA hike in Q1 2018, but note that the most likely risk to their forecast is for an earlier hike (in H2 of 2017)

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I posted previews of the RBA earlier:

• Currency preview into the RBA & RBNZ this week: "AUD/NZD could head lower"
• Reserve Bank of Australia meeting on February 7 - preview
• Here's an RBA preview (February 7 meeting) - All economists say rates on hold