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Trading news
6 Nov 2017
RBA: policy to remain unchanged - UOB
Analysts at UOB noted that the Reserve Bank of Australia (RBA) is expected to keep policy unchanged.
Key Quotes:
"For the RBA, we look for the post-meeting statement to retain a neutral policy stance."
"The overall tone of the Statement on Monetary Policy (SoMP), released Friday, will also probably be similar to the one in August."
"One notable change though will be the way the Bank presents its forecasts."
"As described in a speech by Deputy Governor Debelle last week, the November MPS will shift away from the previous practice of displaying forecast bands (e.g. 2-3% for inflation) to point forecasts rounded to the nearest quarter-point."