FXStreet (Bali) – ANZ Research Team will be assessing the chances of near-term rate cuts in today’s SoMP, noting that a material change in the Bank’s economic outlook is not expected.
Key Quotes
“We will be gauging the extent of the RBA’s easing bias and chances of near-term rate cuts in today’s SoMP.”
“After the low Q2 CPI print last week, we expect the RBA to trim both its Dec-15 and Jun-16 underlying inflation forecasts by ¼ppt.”
“We also expect modest changes to the RBA’s GDP growth forecasts but don’t expect these to signal a material change in the Bank’s economic outlook.”
“Last night, Treasury Secretary John Fraser shed light on the medium-term outlook for Australia, saying that annual population growth of “more like 1.2%” would mean economic growth will be lower than previously assumed over the next 10-15 years.”
(Market News Provided by FXstreet)