Analysts at Nomura offer their thoughts on the upcoming Reserve Bank of Australia’s (RBA) policy decision tomorrow and quarterly Statement of Monetary Policy (SoMP) due to be published this Friday. Key Quotes: “We expect the RBA to again announce an unchanged cash rate and anticipate that its press release will contain mixed comments. It is, however, likely to repeat that it expects to achieve its growth and inflation objectives over time, based on current policy settings. The press release may provide clues to any forecast revisions in the Quarterly Statement on Monetary Policy (SOMP) released on Friday 9 November. Here, we expect to see an unchanged growth profile, with GDP growth still “a bit above 3%”; a slightly lower unemployment rate forecast and a largely unchanged inflation profile. We retain a low-conviction call for a 25bp rate hike in August 2019, but note that this will require some evidence of stronger inflation pressures in the interim.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Asian stocks drop on concerns US and China may not reach a quick trade deal FX Street 4 years Analysts at Nomura offer their thoughts on the upcoming Reserve Bank of Australia's (RBA) policy decision tomorrow and quarterly Statement of Monetary Policy (SoMP) due to be published this Friday. Key Quotes: "We expect the RBA to again announce an unchanged cash rate and anticipate that its press release will contain mixed comments. It is, however, likely to repeat that it expects to achieve its growth and inflation objectives over time, based on current policy settings. The press release may provide clues to any forecast revisions in the Quarterly Statement on Monetary Policy (SOMP) released on Friday 9 November.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
