/Preview - RBC: RBA Board Meeting....>

AUSTRALIA DATA: /Preview - RBC: RBA Board Meeting and Statement on Monetary

Policy (SoMP Tue and Fri): "We expect the RBA to leave the cash rate unchanged,

marking the 15th month of steady cash. Domestic data have been mixed but, on

balance, weaker, with core CPI remaining sub-target and retail sales continuing

to contract. Labour market data remain the bright spot in the economy. We expect

little change to the RBA's generally upbeat tone although they may acknowledge

the softer inflation pulse which may be captured by a small downward revision to

near-term forecasts in the SoMP. Of note, forecasts will now be to a quarter

point rather than a broad range, which will give us a better sense of the RBA's

base case and risks. We expect this new approach to remain consistent with

expectations for a return to above-trend growth and within-target inflation by

late 2018 and in 2019."