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Analysts at TD Securities and markets are expecting that the RBA will maintain the cash rate at 1.5% at its monetary policy meeting tomorrow.

Key Quotes

“We see no reason for the Bank to deviate from its central message that “…the economy is moving in the right direction and further progress is expected in lowering unemployment and having inflation consistent with the target”. The Bank’s neutral outlook is likely to remain.”

“Major data releases have come in at or better than the RBA has anticipated. The upgrade to 2018/19 capex intentions supports the Bank’s expectation for business and non-mining investment to pick-up and back the RBA’s +3% GDP profile. Q3 GDP out on Wed.”