MNI: Ahead of tomorrow's RBA minutes release at......>

MNI: Ahead of tomorrow's RBA minutes release at 0130GMT, analysts at ANZ say the

minutes are unlikely to deliver surprises given updates since that meeting.

We'll look out for informative commentary on trade tensions, market volatility,

and funding costs.

- CBA say the governor did, make a comment in his April Statement around some

tightening of financial conditions in US dollar short-term money markets that

has flowed through to Australia. This could potentially influence the outlook

for domestic monetary policy if it was to persist. The Minutes are an

opportunity for the RBA to expand on their thoughts around this more fully.

- NAB note the minutes will draw interest more in its reflections on various

aspects of the economy but is unlikely to shift market pricing much at all given

Governor Lowe's mid-week comments.

-RBC say minutes are likely to be centred first on any further comments

addressing elevated funding levels, and trade/tariff commentary, both of which

were (briefly) acknowledged in April's statement.