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RBA SoMP Preview: What to expect? - ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 5, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    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."
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