We got the RBA statement on monetary policy late last week so we know pretty much what to expect in the RBA’s minutes from the last meeting. Growth in the region is expected to remain strong, particularly in India and China, and inflation is towards the higher end of what’s acceptable. They will also refer to the floods and cyclone which will impact growth in the short-term but may also add to inflationary pressure due to the re-build spending.
It’s purely a personal opinion, but I do not think that Mr Stevens will be in any way dovish and may even intimate that a hike is back on the cards for later in the year if we stay on the current path.
