Monday, October 5, 2015

AUD: RBA board meeting eyed for monetary easing clues – BNZ

FXStreet (Delhi) – Research Team at BNZ, suggest that the RBA Board meeting on Tuesday is the main event for this week, with the interest rate market holding to its mild easing bias, looking for any signs that the Bank is at all closer to seriously consider more monetary easing.

Key Quotes

“We doubt this will be evident in Tuesday’s post Board meeting media release. The global economy remains under close scrutiny and while there are continuing risks to the Chinese economy we doubt the RBA will diverge from its forecast of continuing average growth in Australia’s major trading partners.”

“We expect that same assessment to be the RBA’s policy guidance, the Bank noting again “whether the current stance of policy will most effectively foster sustainable growth”, the emphasis on sustainability, the trade-off between growth and financial risks.”
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