We've got the RBA meeting today in Australia (previews here and here) - announcement due at 0300GMT. And, in the local financial press today (the Australian Financial Review, which is gated): Rates tipped to hit 1.5% as unemployment soars The analyst is from Capital Economics: Predicts the RBA's cash rate will be 1.5% by the end of the year Australian economy will grow by just 1.8% in 2015 Unemployment to reach 7% by December ... and potentially as high as 7.5% next year Believes the Reserve Bank and economists will be forced to downgrade GDP and inflation forecasts under the increasing weight of the end of the ... (full story)