RBA extremely likely to leave policy unchanged - RBS

FXStreet (Bali) - The RBA is extremely likely to leave its key policy language unchanged on Tuesday, notes RBS.

Key Quotes

"We see the RBA as extremely likely to leave its key policy language unchanged at the RBA meeting this week. The release comes a few days before the Bank’s quarterly Statement on Monetary Policy. CPI inflation fell in the third quarter, matching the bank’s view that inflation would peak in the second quarter before returning to levels more consistent with target thereafter. We think that inflation outlook leaves the RBA confident that the most prudent course remains stability in interest rates. We also think the RBA will call the AUD “high by historical standards.” Employment is the key domestic data release."