Three of four of the big Australian banks say no rate cut from the RBA today
The April 2019 Reserve Bank of Australia monetary policy decision is due at 0430GMT.
- ANZ are tipping a 25 bp rate cut
- Westpac, CBA and NAB are all in the 'on hold' camp.
NAB expects an easing bias to be confirmed, and they add that while not expecting a cut today they do see an 'appreciable risk' due to weak inflation.
Stacks of previews:
- CBA - RBA preview - will not cut "because the labour market is still in good shape"
- preview of the RBA monetary policy decision due 7 May
- RBA preview - markets have a 50/50 split on these two options
- RBA monetary policy decision on Tuesday, RBNZ on Wednesday - what to expect
- Westpac sees asymmetric risk for the Australian dollar on the RBA
- Morgan Stanley like the AUD, say no RBA rate cut next week
- AUD: Beset by weak domestic data, calls for imminent RBA rate cuts ... buy it anyway!
- Eight reasons why the RBA will cut rates this week
- WPAC - Westpac says the case 'indisputable' for an RBA rate cut ... but not in May
- AUD - NAB CEO has dismissed calls for an RBA interest rate cut
and, for the data due today: