MNI STATE OF PLAY: RBA Unlikely To Be Swayed....>

RBA: MNI STATE OF PLAY: RBA Unlikely To Be Swayed By Negative Risks

- The Reserve Bank of Australia is unlikely to be swayed by recent negative

developments relating to political uncertainty and a risk of wider mortgage rate

rises, instead focusing on stronger economic data that supports its gradual

progress narrative for the economy. The one-page statement following Tuesday's

board meeting is likely to err towards a positive tone, signalling a hold stance

for monetary policy, with a continuation of the guidance that the next move in

interest rates is more likely to be up expected to be recorded in the meeting

minutes due Sep 18.

- For full story see MNI Main Wire at 06:30 BST 09/03, or contact us for access.