Wednesday, October 28, 2015

RBA to remain on hold next week - NAB

FXStreet (Bali) - National Australia Bank Economists expect the RBA to remain on hold when they meet next week, despite the disappointing Australian Q3 inflation numbers.

Key Quotes

"RBA likely to revise its CPI forecasts a little lower in next week's Statement of Monetary Policy. But, this doesn't mean that the RBA should or must cut interest rates."

"RBA is still concerned about the property market. Also note the domestic economy has been performing better in recent months."

"If there is an easing in house price pressures, the RBA is well-placed to provide further support to the domestic economy."
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