A preview of the Reserve Bank of Australia monetary policy board meeting today
– The announcement and accompanying statement will come at 0330GMT
– All surveys of economists / analysts show a unanimous expectation of an unchanged cash rate (currently 2%)
I wrote before the February RBA meeting that the bank is not unhappy with progress in the Australian economy. Sure, there are concerns (low capex & sub-trend growth, as examples), but with strong employment growth in 2015 (but some evidence it will slow in 2016) and inflation around target (also showing some signs it will slow in 2016) the bank is meeting its mandates.
AUD traders – RBA meets today, expected to leave the cash rate unchanged
