RBA November Statement on MP.........>

AUSTRALIA DATA: RBA November Statement on MP FRIDAY: 

- ANZ: "We preview the RBA's upcoming November Statement of Monetary Policy

(SoMP). We expect the Bank to remain upbeat on the growth outlook but be more

cautious on the near-term inflation outlook. Discussion of financial stability

will feature in some capacity."

RBA SAY: "The RBA's forecasts are likely to show little change for the growth

outlook but a drop in unemployment rate and a downgrade in inflation. Put

together, the RBA may characterize the forecasts as little changed and together

with continued concerns over elevated household debt, it will keep the cash rate

on hold at 1.5% and also signal steady rates for longer."

- CBA: "We don't expect to see major changes to the RBA's key economic

projections in the details published on Friday, although near-term CPI forecasts

could be nudged lower."

- MNI: "The Reserve Bank of Australia is likely to downgrade its inflation

forecasts but will continue to cite the overall flexibility in inflation

targeting regime as a reason to leave the cash rate unchanged."