Survey of 26 banks/economists as the RBA meets for the final time this year on 5 Dec 2017
If they do leave the cash rate unchanged, it will be tied with the longest run that the central bank has not made any changes to its cash rate - 15 meetings.
Slightly lower inflation compared to their target band range is still giving the RBA some room to leave rates steady for the time being, but the household debt issue may be one that could potentially be a cause of concern for the RBA moving forward.
Apart from that, RBA governor Lowe has mentioned in last month's SOMP that there remains labour underutilisation in the jobs market and that wage pressures are not expected to translate to inflation so soon. That will likely be the same signal the RBA will be sending tomorrow.
It's a big week for the AUD in terms of key events. Tomorrow we'll also have Oct retail sales data out and then we have Q3 GDP data on Wednesday. On Thursday, there's Oct trade balance data out as well. To cap it off, on Friday there's housing finance data - but this is a minor data point to be fair.
AUD/USD is currently trading at 0.7605, bouncing back up after this morning's gap down - which hit a low of 0.7587.
You can find the key dates for the RBA's meetings and SOMP for 2018 here.
