This is just a real quickie from WPAC following the minutes and looking towards the next meeting in October

  • The Reserve Bank Board next meets on October 2.
  • The minutes of the Board's September meeting confirm that there is no urgency to move on rates although the Board maintains its view that, eventually, the overnight cash rate is more likely to rise than fall.
  • Westpac confirms its view that the cash rate will remain unchanged for the remainder of 2018 and through 2019 and 2020.

No change in view from WPAC. According to them I can take the first Tuesday afternoon of the month off for a good while to come.