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RBA Melbourne Cup Day monetary policy meeting preview

Discussion in 'Fundamental Analysis' started by ForexLive, Nov 2, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Reserve Bank of Australia policy announcement and accompanying statement from Governor Glenn Stevens due at 0330GMT - Latest expectations show the majority of survey participants (Reuters, MNI and ) expect no cut today. The most recent survey I have seen is the Bloomberg one, with 17 of 28 saying no cut. Those looking for a rate cut cite, in particular (with the background of sub-par economic growth, China concerns, weak commodity prices):

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