The Reserve Bank of Australia is firmly on hold and have managed to turn meetings into a giant snooze fest
Thus, the minutes do not attract much attention, and today is no different.
There will be some interest for the die hards (like me) though.
NAB haven’t much to say:
- With the Bank likely to still see ‘no strong case for a near-term adjustment’ in the cash rate, markets will concentrate on any signs the RBA has shifted its assessment of economic and financial risks
Westpac, not much eaither:
- the RBA minutes will provide further colour on the Board’s opinions. A key area of interest will be their view on housing after Friday’s Bi-annual Financial Stability Review examined the effect of recent lending policy measures.
AUD impact of the release should be minimal.