Following on from the RBA's SoMP release.....>

AUSSIE: Following on from the RBA's SoMP release Barclays analyst Rahul Bajoria

said "Overall, we think today's forecast changes broadly eliminate any risks of

an earlier rate adjustment from the RBA, in H1 18. We do not sense that the Q3

wages and GDP data over the next month will significantly shift the RBA's

assessment of the economy, and in terms of monetary policy, we expect the RBA

"to stay in a holding pattern in H1 18 and wait for signs of a more broad-based

recovery across businesses and in household incomes before firmly signalling any

change in policy stance." We maintain our forecast that the RBA will "raise the

policy rate 25bp at the August 2018 MPC meeting, followed by a 25bp rate hike in

November."