RBA: Expect no change in policy on Tuesday - ANZ

In the view of analysts Australia and New Zealand Banking Group (ANZ), the Reserve Bank of Australia (RBA) is expected to announce no changes to its monetary policy at its September policy meeting due tomorrow at 0430 GMT.

Key Quotes:

“On the RBA, no change in policy is expected at the Board Meeting on Tuesday- market pricing has the chance of a hike at 0.0% - with only 1 basis point priced in by the end of 2018.

Nevertheless, RBA watchers will dissect the post-meeting Media Release and Governor Lowe's remarks on Wednesday night for any clues for the policy outlook.”