Analysts at Australia and New Zealand (ANZ) banking group offer a brief preview of the Reserve Bank of Australia’s (RBA) cash rate decision that will be announced on Tuesday at 0330 GMT.
Key Quotes:
“Since the RBA’s November statement the housing-related data has been weak.
Wages have been in line with expectations.
And employment and forward expectations for capex have been solid.
Global news has been negative, including wider credit spreads and lower oil prices.
Together these won’t be enough to shift the RBA from its positive outlook, but may see some caution enter the Bank’s commentary.”
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