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5 Aug 2014
RBA to remain neutral - ANZ
FXStreet (Bali) - According to ANZ Economists, the RBA is unlikely to provide any new changes on its policy stance today.
Key Quotes
"In Australia today, the key event will be the RBA Board meeting at 14:30AEST."
"We (and the market) expect the RBA to leave the cash rate on hold at 2.5%. We are expecting little new information from the Bank on Tuesday, given recent communication has reiterated the Bank remains comfortably on hold for the time being."
"However, Friday’s Statement on Monetary policy may give some further colour on their current thinking."
Key Quotes
"In Australia today, the key event will be the RBA Board meeting at 14:30AEST."
"We (and the market) expect the RBA to leave the cash rate on hold at 2.5%. We are expecting little new information from the Bank on Tuesday, given recent communication has reiterated the Bank remains comfortably on hold for the time being."
"However, Friday’s Statement on Monetary policy may give some further colour on their current thinking."