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Preview: RBA Rate Seen Unch; AUD, Hsg Price Comment Watched
The Reserve Bank of Australia is once again expected to leave the cash rate unchanged at a record low 2.5%, leaving the market focused on the accompanying statement for comments on its comfort with the exchange rate and house prices, both of which are rising. But any change in commentary on the exchange rate is limited, given many think the RBA is unlikely to jawbone the currency for now. Each of the 20 economists in MNI poll expects the RBA to leave the rate steady at the board meeting on Tuesday (1430 hours local time, 0330 hours GMT). The RBA's last rate action was in August when it lowered the cash rate by 25 ... (full story)
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