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Reserve Bank of Australia monetary policy meeting this week – ‘non-event’

BNZ on the Reserve Bank of Australia meeting coming tomorrow.

  • The RBA policy decision tomorrow is a non-event
  • with no policy shift expected before the federal election in May, but another gradual shift to more hawkish commentary wouldn’t seem out of place as all indications are that the RBA remains well behind the curve

The RBA cash rate was flat at 0.1% and looks unlikely to change at the April meeting:

Australia’s federal election is due to take place on May 21.

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