### POV: A Big 24 Hours For The RBA - The RBA...>

RBA: ### POV: A Big 24 Hours For The RBA

- The RBA left its cash rate unchanged at 1.50% at its latest MonPol decision,

with few, if any, notable tweaks to the language employed in the statement, as

the Bank tipped its hat to the potential for slower growth (as it retained its

central scenario), restating its faith in the tightening labour market.

- The labour market strength has been the Bank's shining light in recent months,

as it conceded other areas of the economy hold a more downbeat outlook.

- The next 24 hours will be integral for the RBA

- First Governor Lowe is due to speak. Expect him to reiterate that the outlook

for the cash rate is balanced and give greater insight into the deliberations

that occurred ahead of today's decision.

- Q4 GDP data could go a long way to shaping RBA communications over coming

months with the Bank clearly worried about the health of the consumer owing to

the fall in house prices in the major cities. Already released partial GDP data

doesn't paint a convincing picture, with gov't spending doing much of the heavy

lifting, leading to many economists trimming their estimates ahead of the print.