REPEAT: MNI INSIGHT: AUD weakness, jobs could...>

RBA: REPEAT: MNI INSIGHT: AUD weakness, jobs could bring forward RBA hike

- The Reserve Bank of Australia suspects the local dollar may depreciate more

than expected, and that unemployment and inflation goals may be met more

quickly, raising the possibility that the first hike in its cash rate since 2010

might come sooner than the market assumes. The RBA says the next move in the

cash rate is more likely to be up, but that any hike will be contingent on what

should only be gradual progress towards unemployment and inflation goals and

that it does not see a strong case for any near-term monetary policy adjustment.

No economist forecasts a hike this year, and the market is not pricing one in.

But there is little clarity further ahead about the RBA's timeframe for raising

the cash rate from 1.5%.

- For full piece see MNI Main Wire 12:23 BST 08/28 or contact us for full

access.