Expect RBA to be upbeat, but on hold - ANZ

Analysts at Australia and New Zealand Banking group  offer their expectations on the Reserve Bank of Australia (RBA) monetary policy events due this week, with the immediate focus now on the cash rate announcement due today at 0330 GMT.

Key Quotes:

“RBA post meeting statement (6 Nov): We expect the RBA to be upbeat, not least because of the fall in the unemployment rate to 5%.”

“RBA Statement of Monetary Policy (9 Nov): There will be a downward shift in the forecasts for the unemployment rate, at least.”