FXStreet (Guatemala) – Analysts at Westpac explained that the RBA is expected to leave rates unchanged at its Nov meeting.
“However, there will be considerably more for the Board to deliberate on this month, particularly following the increase in banks’ variable mortgage rates and a surprise drop in inflation.
On balance, we do not expect developments to prompt the sort of downgrade in growth expectations that would draw a policy response, particularly given recent improvements in confidence and employment.
The Nov Statement on Monetary Policy (SoMP) released the following Friday will present a detailed update of the Bank’s economic assessment and a revised set of forecasts. The RBA’s 2016 growth view – currently at 3.00% – remains the critical factor for policy.”
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